Article Date: 05/24/10

OWNER STUCK WITH DEFAULTED CONTRACTOR IN SURETY TAKEOVER

U.S. Court of Appeals for the First Circuit

St. Paul Fire & Marine Insurance Co. v. VDE Corporation

No. 08-2576
May 5, 2010

Overview

A federal appeals court has ruled that a project owner could not refuse to allow a defaulted contractor to complete the work on behalf of the performance surety. The owner's refusal discharged the surety from ... Log in to view the full text.

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