Employers Mutual Casualty Co. v. Piedmont Supply Co.

EDWIN M. STANLEY, Chief Judge.

This action seeks an adjudication of the liability of the defendants, Piedmont Supply Company, Incorporated, George H. Hargrave, and John M. Geitner, under certain indemnity agreements executed in favor of the plaintiff. The plaintiff alleges that by virtue of the indemnity agreements it executed some sixteen payment and performance bonds on behalf of the defendant, Arrow Plumbing and Heating of Durham, Incorporated; that said defendant defaulted in performance of certain of the contracts covered by the bonds, thereby obligating plaintiff to take over and…