Article Date: 02/07/11

FORMAL DEFAULT NOT REQUIRED TO REACH PERFORMANCE BOND

Court of Appeals of Texas, Fourteenth District

Nova Casualty Company v. Turner Construction Company

No. No. 14-09-00733-CV
January 11, 2011

Overview

A Texas court has ruled that the obligee on a performance bond did not have to formally default the contractor/principal in order to recover against the bond. Only a declaration of default, to the surety, was required.

Background

The City of Houston awarded ... Log in to view the full text.

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