Bond Associates, Inc. v. Continental Arms, Inc.

CAREY, Justice:

The appellant, Bond Associates, Inc. (Bond) is a Pennsylvania corporation which brought an action in Superior Court against the appellees, Continental Arms, Inc. (Continental) and Dante Fala (Fala), to recover the amount allegedly due on two bonds executed on October 15, 1968, in the amount of $14,780 each. A third bond in the same amount had previously been paid. The total of the three bonds represented the amount claimed by Bond to have been earned by it in procuring loans for Continental for the purchase of land near Newark, Delaware, and the construction of an apartment…