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BANK OF LANSING v. STEIN, HINKLE, DAWE & ASSOCIATES ARCHITECTS, INC.

Docket No. 78-1665.

100 Mich. App. 719 (1980)

300 N.W.2d 383

BANK OF LANSING v. STEIN, HINKLE, DAWE AND ASSOCIATES ARCHITECTS, INC.

Michigan Court of Appeals.

Decided October 22, 1980.

Attorney(s) appearing for the Case

Loomis, Ewert, Ederer, Parsley, Davis & Gotting (by William D. Parsley, Phillip J. Birdsall and Kenneth W. Beall), for plaintiff.

Willingham, Cote, Hanslovsky, Griffith & Foresman, P.C. (by John L. Cote and Marianne E. Samper), for defendants.

Before: CYNAR, P.J., and M.J. KELLY and T. GILLESPIE, JJ.

T. GILLESPIE, J.

In 1967, the Bank of Lansing agreed to loan $2,500,000 to Normandy Meadows, Inc. to construct an apartment complex. The principal stockholder and president of Normandy Meadows was James Duncan. At the inception Mr. Duncan was associated with Glenn Harris, who owned Harris Construction Co. Mr. Harris withdrew from the project shortly after a construction agreement was signed, and construction was assumed by Associated Builders, a company formed by...

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