Travelers Indemnity Co. v. Peacock Construction Co.

423 F.2d 1153
CourtCourt of Appeals for the Fifth Circuit
DecidedFebruary 27, 1970
DocketNo. 27682
StatusPublished
Cited by9 cases

This text of 423 F.2d 1153 (Travelers Indemnity Co. v. Peacock Construction Co.) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fifth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Travelers Indemnity Co. v. Peacock Construction Co., 423 F.2d 1153 (5th Cir. 1970).

Opinion

JOHN R. BROWN, Chief Judge:

In this multi-party donnybrook, see Grigsby v. Coastal Marine Service, 5 Cir., 1969, 412 F.2d 1011, 1015, with each turning in part on the other, the surety for the subcontractor sought from the general contractor and its surety payment of the balance of the subcontract price plus interest and statutory attorney fees, and in reconvention the general contractor sought by offset or recovery damages and chargebacks for subcontractor’s breach, and the surety for the general contractor sought exoneration from its principal and contractual indemnitors. All win and lose in part. None is satisfied. Each appeals but by our affirmance each grievance goes unrequited.1

In 1965 Peacock entered into a contract with Camay for the construction of a shopping center. Peacock furnished to Camay a Labor and Material Payment Bond with Security as surety. Peacock subcontracted the plumbing and air-conditioning work to Murray’s, which furnished to Peacock a Performance and Payment Surety Bond with Travelers as surety. Subsequently, Murray’s defaulted and Peacock called upon Travelers to perform under the terms of its bond. Travelers, partially through Peacock and another subcontractor, completed the subcontract.

Travelers brought this diversity action to determine its liability under the subcontract and to recover the balance due from Peacock. Security was joined as a party defendant and attorney fees were sought by Travelers against Security pursuant to Florida statutes. Security in turn sought exoneration from Peacock, its principal, and indemnity (including attorney fees) from the indemnitors.

The Trial Court, sitting without a jury, determined that there was an unpaid balance due under the Murray subcontract of $63,449.80, against which Peacock was entitled to set-offs totaling $28,164.73, and that there was therefore due to Travelers the sum of $35,285.07, and awarded judgment to Travelers against Peacock and Security for this amount. The Court also awarded judgment in favor of Security against Peacock for exoneration and the indemnitors for this same amount plus interest and contractual attorney fees o.f $4500.

The Court denied Travelers’ claim for (a) statutory attorney fees against Security and (b) for interest on the net sum ($35,285.07) found due on the subcontract from the completion date. It also denied Peacock’s claim for damages and back charges for the period prior to [1156]*1156January 5, 1966 in excess of the amount set forth in a letter from Peacock to Travelers listing back charges. The Court likewise denied Security’s claim for contractual attorney fees in excess of $4500.00.

Security and Peacock appeal the final judgment of $35,285.07 against them. Travelers appeals the failure to award attorney fees and interest on its judgment. Security appeals from denial of attorney fees as claimed. We agree with the Trial Judge and affirm.

1. Peacock-Security Attack on Travelers’ Recovery

A. Deficiency of Travelers’ Proof

Peacock, joined by Security, contends that Travelers failed properly to prove that it paid any sums to materialmen or laborers dealing with Murray’s, and any claim of Travelers based on such payments must fail.

The argument boils down to this. Although the Court found that in completing Murray's subcontract Travelers expended far in excess of the gross or net amount allowed,2 there was no direct proof that various suppliers, materialmen or laborers paid off by Travelers actually furnished any such materials, etc. This was shown only by hearsay from summaries reflecting the amount paid and the payees.

Closely akin to this attack Security makes one of its own by urging that as between two compensated sureties there may be no recovery and certainly not without proving (i) requisite notice by each materialman-supplier, (ii) standing by Travelers as a “claimant” 3 under Security's bond and (iii) compliance with the notice provisions by claimants.4

But these misconceive the whole nature of this proceeding — Travelers claiming by subrogation the rights of Murray’s to payment of the contract price on completion of the subcontract. Travelers stands as the subcontractor, not as a supplier to the subcontractor. This both satisfied the status as “claimant” under the bond (see note 3, supra) and eliminated necessity of proof of any specific payment by Travelers or notice by suppliers (see note 4, supra).5

Quite without regard to the surety’s subrogation to the rights of the obligee and the creditor where needed, Prairie State National Bank v. United States, 1896, 164 U.S. 227, 17 S.Ct. 142, 41 L.Ed. 412; Pearlman v. Reliance Ins. Co., 1962, 371 U.S. 132, 138, 83 S.Ct. 232, 235, 9 L.Ed.2d 190, 194, under the most rudimentary principles the surety succeeds to its principal’s right to payment upon completion of the contract. United Pacific Insurance Co. v. United States, 1966, 362 F.2d 805, 176 Ct.Cl. 176; Midtown Bank of Miami v. Travelers In[1157]*1157demnity Co., 5 Cir., 1966, 366 F.2d 459, 462; 11 Appleman, Insurance Law and Practice § 6501 (1944). Thus Travelers can recover under the bond even though it is not a “claimant” as defined therein because its subrogor was such a claimant. Nor did Travelers have to provide the notice required of non-direct contracting parties since its subrogor was a direct contractor, of whom no notice is required.

B. Inadequacy of Set-Offs to Peacock

The Court found that there was owing $63,449.80 on Murray’s subcontract. It allowed set-offs of $28,164.73, for a net recovery by Travelers of $35,285.07, the basic correctness of which we have approved in part A above. Falling back to a secondary defense, Peacock-Security claim that the net amount is too great because credits were too small. This zeros in on two main items.

As the first, they contend that Peacock is entitled to a set-off for back charges beyond the $4,690.37 allowed. In denying more the Trial Court held that Peacock was estopped from claiming more than this because it had previously claimed by letter to Travelers only this amount. Peacock argues that the Court erred in finding it estopped because estoppel was not affirmatively pleaded.6 But we do not read these words with such rigidity. It is clear that the Trial Judge’s finding of estoppel was just another way of saying that he, as the trier of fact, believed that the amount originally claimed by letter to Travelers rather than the greater amount claimed at trial was the true extent of Peacock’s back charges.7

The second item is for damages due to delay.

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423 F.2d 1153, Counsel Stack Legal Research, https://law.counselstack.com/opinion/travelers-indemnity-co-v-peacock-construction-co-ca5-1970.