Article Date: 06/15/2022

Failure to Formally Terminate Precludes Recovery against Performance Bond

U.S. Court of Appeals for the First Circuit

Arch Insurance Company v. Graphic Builders, LLC

Case no.: 21-1126

Date filed: June 1, 2022

Overview

A federal appeals court has ruled that a contractor’s failure to formally terminate a subcontractor for default prevented any recovery against the sub’s performance bond. Termination had been an express condition precedent ... Log in to view the full text.

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