Security Insurance Co. of New Haven v. Johns-Manville Sales Corp.

D. L. GREER, Superior Court Judge.

This appeal involves an interesting but esoteric aspect of the law, resulting from a controversy between a Bonding Compaany, which became a Surety on a defaulting Contractor’s Bond, and two Guarantors, who guaranteed the contractor’s obligation. The question to be determined is whether the surety having paid the obligation is entitled to reimbursement or contribution.

The facts essential to the decision are:

Appellees, Gustafson and Haseman (hereinafter referred to as “Guarantors”) were the sole stockholders in Twin Butte Contractor, Inc., which was engaged in…