Hartford Accident & Indemnity Co. v. Moraldo

This controversy was submitted on the following agreed set of facts: The action against John F. Moraldo is discontinued.

On October 4, 1967, the defendant, John B. Moraldo, in his capacity as officer of Mastic Tire King, Inc., hereinafter referred to as Mastic, executed a $1,000 bond with plaintiff as surety. The bond was intended to secure the completion of certain concrete work contemplated by the corporation and was a condition precedent to the granting of a construction permit by the Suffolk County Highway Department pursuant to section 136 of the Highway Law. On the same date the…