CALLISTER, Justice.
This is an action by an insurer against a contractor and his indemnitors for moneys paid under the terms of a performance bond. From a judgment in favor of plaintiff and against the indemnitors the latter appeal.
The facts, as found by the trial judge and disclosed by the record, are as follows:
On December 23, 1959, Paul J. Henich, d/b/a P.G. & H. General Contractors, was awarded a contract to construct a faculty residence...
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