General Electric Co. v. Paul Forsell & Son, Inc.

This litigation, which has been pending within our judicial system for over 10 years, involves a suit upon a bond in which the defendant, Paul Forsell & Son, Inc. (Forsell), is the principal and the defendant insurer is surety. They appeal from a final judgment entered in the Superior Court in favor of the plaintiff, General Electric Company, for $3,037.50 plus interest and costs. Hereinafter we shall proceed as if Forsell were the only defendant.

Forsell is a general contractor. Sometime in 1966 it was a successful bidder on a contract calling for the construction of new headquarters for the…