Whether you’re a prime contractor, subcontractor, owner, officer, director, or agent of a contractor, subcontractor, or owner who receives construction payments or who has control or direction of construction payments, you are a trustee under Tex. Prop. Code § 162.002. This means that you have a responsibility to correctly apply trust funds. Misapplication of Trust…

WARNING TO GENERAL CONTRACTORS! BE CAREFUL WITH YOUR CONTRACT July 9, 2014 “General Contractor’s Agreement To Perform In Good And Workmanlike Manner Is Not An Assumption Of Liability For Defective Work. FACTUAL BACKGROUND In 2008, a contractor entered an agreement to serve as general contractor to renovate and build additions to a school in Corpus…

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