Jones v. W. L. Cobb Construction Co.

HOBSON, Judge.

The owners of certain real property entered into a building contract with General Building Design, Inc., a general contractor. The appellants, capital stockholders of General Building Design, Inc., executed a document entitled “Guaranty of Completion” which stated:

To eliminate the need of a performance and/or payment bond for the construction contract . . each of us hereby jointly and severally represent, warrant and covenant as follows:

1. We unconditionally guarantee to you the due performance of all of General’s obligations under the above described construction contract. .

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