Equitable Trust Co. v. National Surety Co.

Citations

• 214 Pa. 159
• 63 A. 699
• 1906 Pa. LEXIS 616

Syllabus

<p>Bond — Conditions—Covenants—Breach—Indemnity—Guaranty.</p> <p>A bond may have two separate and distinct conditions and upon a breach of one condition an action will lie.</p> <p>Where a bond is conditioned not only as an indemnity against loss but as a covenant to complete a building operation, failure of the obligor to complete the building operation is a breach of the condition of the bond for which an action lies.</p>