American State Insurance Co. v. Miller, Adams & Crawford

HENRIOD, Chief Justice:

Appeal from an order granting a motion to compel satisfaction of a default judgment. Reversed with instructions, with no costs on appeal.

In May, 1973, defendants were parties to a construction bond issued in their behalf to assure payment of materialmen claims arising out of a church addition project. In connection therewith, the defendants signed an “Agreement of Indemnity” to hold plaintiff harmless if it paid such claims after failure of defendants to do so. Such agreement contained a provision that any collateral given to secure the coverage, would be in addition to…