Camelot Excavating Co., Inc. v. St. Paul Fire & Marine Ins. Co.

Blair Moody, Jr., J.

Plaintiff Camelot Excavating Company (hereafter Camelot) brought action against defendant St. Paul Fire and Marine Insurance Company (hereafter St. Paul) to recover payment on a labor and materials bond. Camelot was a subcontractor of third-party defendant Priestly Contracting, Inc. (hereafter Priestly). Priestly was named as principal on the bond. Defendant St. Paul moved for accelerated judgment on the basis of a one-year period of limitations contained in the *124bond contract.1 Plaintiff Camelot brought a motion for summary judgment under GCR 1963, 117.2(3).2 Camelot’s…