Yawkey-Crowley Lumber Co. v. Sinaiko

The following opinion was filed January 12, 1926:

Eschweiler, J.

By the terms of the contract the contractor was bound to “furnish a surety bond acceptable to said owner in the sum of $8,000 for the proper completion and faithful performance of all of the work provided for in this contract, as well as against mechanics’ liens for labor or materials.”

The bond signed by Lofthus and Hustad, after the usual formal clause with penalty in the sum of $8,000, recited the making of the contract October 1, 1924, wherein Lofthus agreed to build for Sinaiko the said building “of such kind and for the…