Article Date: 09/24/2007


FORMAL DECLARATION OF DEFAULT NOT REQUIRED TO TRIGGER PERFORMANCE BOND OBLIGATION


Supreme Court of Washington

Colorado Structures, Inc. v. Insurance Company of the West

No. 76973-7
September 20, 2007


Overview

The Supreme Court of Washington has ruled that a formal declaration of default was not required to trigger a surety’s obligation under a performance bond. A dissenting opinion argued that the certainty of a formal declaration was necessary.

Background

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