Iowa Sheet Metal Contractors, Inc. v. Knab Co.

For the purposes of this opinion, the plaintiff-respondent, Iowa Sheet Metal Contractors, Inc., will hereinafter be referred to as “Iowa.” The defendants-appellants, the Knab Company, Inc., and American Automobile Insurance Company, will hereinafter be referred to as “Knab” and “Insurance Company.” Mt. Sinai Hospital will hereinafter be referred to as “Mt. Sinai.”

The facts to this action were agreed upon by the parties in a stipulation dated February 20, 1961. They are in substance as follows:

On December 15, 1954, Knab and Mt. Sinai entered into an agreement by the terms of which Knab agreed…