Wickliffe v. Cooper & Sperrier

Cooper & Sperrier contracted with plaintiff to construct a certain building according to certain plans and specifications for a certain compensation payable on certain terms, and the United States Fidelity & Guaranty Company became the surety on the contractors’ bond. The project was to be financed for account of plaintiff by the Security Building & Loan Association, who held the funds.

When the work had progressed to a certain point (apparently almost to completion), work ceased on the building because of differences which had arisen between the contractor and the owner. With the merits of…