American Bridge Co. v. Colonial Trust Co.

Citations

• 215 Pa. 305
• 64 A. 532
• 1906 Pa. LEXIS 785

Syllabus

<p>Guaranty — Contract—Construction of contract.</p> <p>An iron company agreed to supply a construction company with steel material for a bridge. The price of the steel was fixed at a certain rate per pound, the aggregate amount not being stated and not ascertainable directly from the contract. A surety company guaranteed the “payment for said material, not to exceed in the aggregate thirteen thousand dollars. ” Held, that the guarantor was only liable to pay for material, the value of which should not exceed $13,000.</p>