Butz & Clader v. United States Metal Products Co.

Citations

• 255 Pa. 53
• 99 A. 169
• 1916 Pa. LEXIS 526

Syllabus

<p>Contracts — Suretyship—Construction—Execution of bond prior to execution of contract.</p> <p>1. Contracts of suretyship by bonding companies are to be construed most strictly in favor of the obligee.</p> <p>2. Tbe mere fact that a surety bond, conditioned for tbe faithful performance of a contract was executed prior to tbe execution of the contract, is not sufficient to discharge the surety, in tbe absence</p> <p>. of evidence to show that the financial condition of tbe principal became worse by tbe time of tbe execution of tbe contract, or that it sustained any loss by reason of tbe delay. •</p>