Carpenter v. Remtech, Inc.

¶1 This appeal follows a successful suit for contribution by one guarantor, Keith G. and Julie B. Carpenter, against another, Larry D. and Kathleen L. Johnson, on an agreement to guarantee a construction bond (a guaranteed indemnity agreement). Both had signed a guaranteed indemnity agreement by which they agreed to indemnify a bonding company, Hartford Fire Insurance Company, for any payments that company made pursuant to the bond. The problem is the trial court required contribution based on an indemnity agreement (June 8, 1999 agreement) that had been used to secure bonding to bid a…