Standard Acc. Ins. Co. v. Blythe

SMITH, Justice.

H. W. Bush (and wife) entered into a building contract with R. P. Blythe, whereby the latter became obligated to furnish the labor and materials and make certain improvements upon the Bush home, for a stipulated consideration of $6,816.15. In pursuance of a provision in the contract, Blythe, as principal, and Standard Accident Insurance Company, as surety, executed an “indemnity” bond, payable to Bush, conditioned upon the faithful performance of the contract, as hereinafter more fully stated.

In due course Blythe, as contractor, completed the improvement to the satisfaction of…