000 01029cab a2200229 4500
001 WB2742-09
008 090401t1991 xxu||||| |||| 00| 0 eng d
035 _a(Sirsi) u27439
041 _aeng
245 _aNo precedence for contractual right
260 _c1991
350 _a0
490 _aTimes
_v29 October 1991, 34(1)
520 _aIn "MacJordan Construction Ltd v Brookmount Erostin Ltd" CA 23 October, it was held that where a property developer failed to set up a retention fund in breach of the terms of a building contract and became insolvent, the builder`s contractual right to have the retention fund established could not take precedence over a bank`s charge even though the bank had express notice of the building contract when its charge was executed.
650 _aEQUITABLE INTEREST
650 _aInsolvency
_96247
650 _aMACJORDAN CONSTRUCTION LTD V BROOKMOUNT EROSTIN LTD
650 _aRETENTION FUNDS
690 _aBUILDING AND CONSTRUCTION-CASE LAW
942 _n0
948 _c04/03/1997
999 _c18467
_d18467