Atkinson v. District Bond Co.

WILLIS, J., pro

This is an appeal by defendant from a judgment for damages for breach of contract.

Plaintiffs, doing business under the firm name of Atkinson & Reish, allege in their complaint that they entered into an agreement in writing with defendant on March, 16, 1931, wherein they agreed to bid for certain street improvement work in the city of Santa Barbara, California, and to perform the work if a contract was awarded to them, defendant agreeing to buy the warrant and bonds issued in payment of the work at a price of 96 per cent of their par value, if approved by an accredited bond…