Seventh Circuit examines "pay-if-paid" provision
Construction Lawyer
JULY 20, 2012
Sabo & Zahn LLC is an Illinois Limited Liability Company. Fidelity had issued a payment bond, but Fidelity refused to pay after the owner declared bankruptcy, and BMD sued Fidelity. The court held that it did not -- that the surety's liability is no greater than that of its principal. Copyright Notice. Disclaimer.
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