Guise v. John C. Guise, Inc.

John C. Guise, Incorporated, entered into a contract with the Rahway valley joint meeting to erect certain public works and gave the usual bond with the obligation required by P.L. 1918 p.203; Cum. Supp. Comp. Stat. p. 1765, to secure payment for labor and materials. The Guise company completed the work and was afterward adjudged insolvent in this cause. The Lock Joint Pipe Company, a creditor of the Guise company for labor performed and materials furnished, brought suit against the Fidelity and Deposit Company of Maryland, the surety on the contractor's bond. The surety had no defense to the…