Provident Life & Accident Insurance v. Globe Indemnity Co.

Mr. Ed T. Seay, Special Judge,

delivered the opinion of the Court.

This case grows out of a controversy over the construction of an office building in the City of Chattanooga. In the month of February, 1923, the complainant, Provident Life & Accident Insurance Company, undertook the construction of this building, and the contract was let to one Jno. Parks, doing business as Parks & Company, and the defendant Globe Indemnity Company became surety on his contractor’s bond, guaranteeing the faithful performance of the contract.

Shortly after the execution of the contract Parks entered upon its…