United States Fidelity & Guaranty Co. v. Tafel Electric Co.

Opinion op the Court by

Creak, Commissioner—

Beversing.

On October 15, 1931, tbe Angle-Blackford Company -entered into a contract witb tbe state board of education for tbe state of Tennessee to construct two buildings and in conformity witb tbe laws of tbe state of 'Tennessee executed a bond in the sum of $277,350 for the faithful performance of the contract and to satisfy all claims and demands for materials and labor used by the contractor or any immediate or remote subcontractor under it. It was recited in the bond that it was the intention of the parties to the contract to execute a…