American Guaranty Co. v. Cincinnati Iron & Steel Co.
This text of 5 Ohio Law. Abs. 45 (American Guaranty Co. v. Cincinnati Iron & Steel Co.) is published on Counsel Stack Legal Research, covering Ohio Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
A compensated surety executed a bond obligating the surety to indemnify the obligee against any loss or damage directly arising from the failure of the principal to faithfully perform his contract to erect a public school building. The principal cnotractor having abandoned performance of the contract, suit was brought upon the bond against the surety by a party who furnished to a material man all the steel building material, cut according to the specifications of the contract, which went directly, substantially without further fabrication, into the construction. Held, that under Sections 2365-1 to 2365-4 inclusive of the General Code, the plaintiff has an action upon the bond.
Judgment affirmed.
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Cite This Page — Counsel Stack
5 Ohio Law. Abs. 45, Counsel Stack Legal Research, https://law.counselstack.com/opinion/american-guaranty-co-v-cincinnati-iron-steel-co-ohio-1927.