Philadelphia v. Fidelity & Deposit Co.

Citations

• 231 Pa. 208
• 80 A. 62
• 1911 Pa. LEXIS 817

Syllabus

<p>Principal and surety — Surety companies — Extension of time — Municipal contract.</p> <p>A surety company is not relieved of liability on its bond by an extension of time given to its principal, where it appears that the bond was given to a city under the requirements of an ordinance, for the benefit of all persons who might furnish labor or material in the course of public work, whether the contracts for such labor and material were in existence at the time the bond was executed or not, and without regard to the terms of the purchase whether for cash or on credit, that the extensions did not go beyond the time limit for suit on the bond, and that the surety suffered no material harm by the extensions.</p>