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NATIONAL SURETY CORP. v. FISCHER STEEL CORP.

374 S.W.2d 372 (1964)

NATIONAL SURETY CORPORATION, Appellant, v. FISCHER STEEL CORPORATION, Appellee.

Supreme Court of Tennessee.

January 8, 1964.

Attorney(s) appearing for the Case

Laughlin, Watson, Creson, Garthright & Halle, Memphis, James W. Watson, Memphis, of counsel, for appellant.

Montedonico, Boone, Gilliland, Heiskell & Loch, Memphis, Frank J. Glankler, Jr., and James S. Gilliland, Memphis, of counsel, for appellee.

HOLMES, Justice.

This is an appeal by the National Surety Corporation from a decree of the Chancery Court rendering a judgment in the amount of $3,781.38 in favor of Fischer Steel Corporation against the appellant and Fred Young, a contractor. The National Surety Corporation is the surety upon a "labor and material payment bond" executed by Fred Young, as principal, to the Shelby County Board of Education. The facts in the case are stipulated.

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