American Factors Associates Ltd. v. Triangle Heating and Sheet Metal Co‪.‬

This dispute arose out of construction of the IBM plant at Niwot, Colorado. IBM retained N.G. Petry Co. (Petry) as general contractor for construction of the plant. Petry, in turn, subcontracted with Cook Construction Co. to do the mechanical work. Cook subcontracted with Triangle Heating & Sheet Metal Co. (Triangle) to manufacture the ducts. Each lien claimant supplied goods to Triangle, allegedly to be used in the construction of the IBM plant. Triangle went out of business prior to settling accounts with these claimants. As a result, the claimants sought foreclosure on the IBM property. The trial court ruled in their favor, and IBM brought this appeal.