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Louisiana Office of Cmty. Dev. v. Celebrity Contrs. Inc. (In re Celebrity Contrs. Inc.)

Louisiana Office of Cmty. Dev. v. Celebrity Contrs. Inc. (In re Celebrity Contrs. Inc.)

Ruling
Debtor corporation's claim against state as third party beneficiary could not be set off against state's own claim.
Issue(s)
Should debtor contractor's third party beneficiary claim against state for work elevating homes located in flood plain by offset by state's claim for recovery of payment for work contractor never performed?

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Commercial opinion summary, case decided on November 25, 2014 , LexisNexis #1214-132