holding that county could not fail to seek a renewed letter of credit for the purpose of causing a condition precedent to fail, allowing county to redeem bonds prematurely without paying the requisite premium
How later courts described this case
- holding that county could not fail to seek a renewed letter of credit for the purpose of causing a condition precedent to fail, allowing county to redeem bonds prematurely without paying the requisite premium
- stating that, “[i]n deciding a motion to dismiss, . . . the court may consider the entire written contract when the complaint refers to the contract and the contract is central to the claims alleged”
- holding that the implied covenant of good faith and fair dealing is read into every Minnesota contract
- stating that the rights of third-party beneficiaries are measured by the contract terms
Written by the judges who cited it.
The opinion
PAGE, Justice
(dissenting).
I join in the dissent of Justice COYNE.