United States Fidelity & Guaranty Co. v. Schwalbe

United States Fidelity and Guaranty Company .brought suit against H. L. Schwalbe, alleging that on March 14, 1931, the plaintiff became surety on a contractor’s bond in the State of Texas, in the amount of $345,848.18, entered into by the defendant as an individual trading in the name of Interstate Contracting Company; that the bond was executed and delivered to the State Highway Commission of the State of Texas for the faithful performance in the construction of a highway in Lubbock County, Texas; that on February 28, 1931, the defendant entered into an indemnity agreement in which he…