ROYAL INDEMNITY CO. OF N.Y. v. BUSINESS FACTORS, INC.

No. 7234.

96 Ariz. 165 (1964)

393 P.2d 261

ROYAL INDEMNITY COMPANY OF NEW YORK, a corporation, Appellant, v. BUSINESS FACTORS, INCORPORATED, a corporation, Appellee, Aweco Supply Company, Division of Savage Industries, Inc., a corporation, Intervenor-Appellee.

Supreme Court of Arizona. In Division.

June 10, 1964.


Attorney(s) appearing for the Case

Chandler, Tullar, Udall & Richmond, Tucson, for appellant.

Wilson & Books, Tucson, by Sophie Silverstone, Tucson, for appellees.


BERNSTEIN, Justice.

Appellant bonding company was defendant in the superior court in an action to impose liability arising out of the issuance of two contractor's license bonds. Summary judgment was granted against the bonding company and it appeals that judgment.

This action was begun by Business Factors, Inc., a materialman, against Royal Indemnity Company which had issued two bonds in connection with the licenses of Austad Steel Co., Inc. Aweco Supply Company...

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