Balboa Insurance Co. v. Southern Distributors Corp.

OPINION

Plaintiff-respondent Southern Distributors Corporation sold roofing materials on an “open account” to A&S Roofing for use in various construction projects. A&S Roofing failed to pay respondent for the materials in an amount over $17,000. A&S had previously posted a surety bond in the amount of $10,000 with the state contractors board as a condition of its being granted a contractor’s license pursuant to NRS 624.270. Appellant Balboa Insurance Company acted as surety and A&S Roofing was named as principal of the bond. Respondent filed a complaint to collect the bond for the debt for…