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UNITED PACIFIC INSURANCE CO. v. FIRST NATIONAL BANK

457 S.W.2d 833 (1970)

UNITED PACIFIC INSURANCE CO. v. The FIRST NATIONAL BANK OF PRESTONSBURG, Kentucky, et al.

Court of Appeals of Kentucky.

Rehearing Denied October 9, 1970.

Attorney(s) appearing for the Case

D. G. Lynn, Lexington, A. J. Deindoerfer, Boehl, Stopher, Graves & Deindoerfer, Louisville, J. K. Wells, Paintsville, for appellant.

Clifford B. Latta, Prestonsburg, for appellees.

HENRY MEIGS, II, Special Commissioner.

Appellee bank sued appellant surety company to recover monies loaned to Robin-Todd Corporation, contractor, claiming equitable subrogation to the rights of laborers and materialmen who furnished work and materials to the contractor in its performance of five building contracts it had undertaken more or less simultaneously. On four of these contracts appellant was surety on the contractor's performance bond.

J. C. Wells...

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