Hull v. Massachusetts Bonding & Insurance

Citations

• 86 Kan. 342
• 120 P. 544
• 1912 Kan. LEXIS 290

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Assignee of Account — No Beneficial Interest — May Sue. The rule followed that the assignee of an account may maintain action thereon, although the assignor is the party beneficially interested.</p> <p>2. Public Building — Contractor’s Bond — Abandonment—Limitation of Actions. Under a statute requiring an officer contracting for the erection of a public building to take a bond from the contractor for the payment of indebtedness incurred for labor and material, and providing that no action shall be brought thereon after six months from the completion of the building, the abandonment of work upon such a building by the contractor is not to be regarded as its completion, so as to bar all actions not begun before six months from that time have elapsed, where the public officers use reasonable diligence in causing the work to be resumed and prosecuted by another contractor.</p> <p>3. Status of Sureties — Bonds for Profit. The rule that sureties are favorites of the law does not apply to corporations engaged in the business of furnishing bonds for profit.</p>