#96: Payment Bond Sureties and "Pay-if-Paid" Subcontracts
NH Construction Law
DECEMBER 19, 2020
It is often said that a payment bond surety may assert all of the contractual defenses to payment enjoyed by its principal. United States ex rel. 2d 404 (1990), construing Florida law, held that general contractor’s “pay-if-paid” defense was not available to a surety. Walton Technology v. 33, 614 S.E.2d
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