Hensley v. School District No. 87

Citations

• 97 Kan. 56
• 154 P. 253
• 1916 Kan. LEXIS 220

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Indemnity Bond — Rules op Construction — Statutory Provisions. A contractor’s bond, conditioned in general terms for his faithful performance of a building contract, will not be interpreted as guaranteeing merely his payment of debts incurred for labor and material, although that was the only guaranty required by the statute, and the original agreement called for the giving of a bond according to the law of the state.</p> <p>2. Same — Liability of Surety Company. A surety company is liable upon a contractor’s bond executed by it after the signing of the ■ original contract, although not provided for therein, the compensa- ■ tion it receives being a sufficient consideration for its guaranty.</p>