GLOBE INDEM. CO. v. PETERSON-McCASLIN COMPANY

No. 3936

303 P.2d 414 (1956)

GLOBE INDEMNITY COMPANY, Appellant, v. PETERSON-McCASLIN LUMBER COMPANY, a Nevada corporation, and State of Nevada for the Use and Benefit of Peterson-McCaslin Lumber Company, a Nevada Corporation, Respondents.

Supreme Court of Nevada

November 15, 1956.


Attorney(s) appearing for the Case

Vargas, Dillon & Bartlett and Alex A. Garroway, of Reno, for Appellant.

A. Dyer Jensen, Reno, for respondents.


MERRILL, Chief Justice.

This is an action brought by respondent lumber company against appellant indemnity company as surety upon a public works bond. From summary judgment in favor of the lumber company, rendered upon the pleadings, the indemnity company has taken this appeal. The sole question involved is as to the respective rights of the parties to that portion of the contract price retained by the State as security for completion of the work by the contractor...

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