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A.F. BLAIR CO., INC. v. HAYDEL

No. 85 CA 1453.

504 So.2d 1044 (1987)

A.F. BLAIR COMPANY, INC. v. K. Gerald HAYDEL, M.D., and American Bank and Trust Company.

Court of Appeal of Louisiana, First Circuit.

March 4, 1987.

Attorney(s) appearing for the Case

Ralph D. Hillman, Thibodaux, for plaintiff and appellant-A.F. Blair Co. Inc.

Edmund McCollam, Houma, for defendant and appellee-K. Gerald Haydel, M.D.

Philip E. Henderson, Houma, for defendant and appellee-American Bank & Trust Co.

Before SAVOIE, CRAIN and JOHN S. COVINGTON, JJ.

CRAIN, Judge.

By letter dated June 28, 1982, A.F. Blair Company, Incorporated (Blair) offered to construct a field house at the Imperial Racquet Center for Dr. K. Gerald Haydel, M.D. for the proposed construction cost of $874,126. Blair also offered to Haydel the option to withhold the standard 10% retainage for one year after substantial completion. American Bank and Trust Company of Houma agreed to supply the interim financing for the project. By letter dated August...

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