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In re Valley Club Homes LLC

In re Valley Club Homes LLC

Ruling
Creditor could not compel assumption or rejection where contract was not executory as creditor had completed performance.
Procedural posture

Creditor filed a motion to compel the debtor to assume or reject an executory contract. The debtor was a home builder which contracted with the creditor to use the creditor's existing water delivery system as a means to deliver water to its various building lots.

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Commercial opinion summary, case decided on July 15, 2008 , LexisNexis #1208-110