Stowe v. Mutual Home Builders Corp.

Petitioner and appellee entered into a written contract with the Mutual Home Builders Corporation to build for him a house. The contract provided:

“In the erection of said building, the first party hereto is to act in the capacity of general contractor, subletting the contracts between competitive proposals, said proposals to be submitted to second party hereto and receive the sanction or approval of said second party before the final letting of said subcontracts, the first party- hereto reserving the right to require of said subcontractors bonds guaranteeing the faithful performance of said…