Commercial Casualty Insurance v. Frost

On November 5, 1929, the Commercial Casualty Insurance Company filed its complaint in the circuit court for Dane county. The complaint set forth that on June 5, 1928, the Ule Construction Company applied to the plaintiff for a surety bond to guarantee performance of a contract which it had to pave certain streets in the village of Stickney, Illinois. On the same date the defendant Frost, in order to secure the execution of the bond by the plaintiff, executed a bond and undertaking whereby he agreed to indemnify the company against any loss which the company might sustain by reason of the…