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MURAVCHICK v. UNITED BONDING INSURANCE COMPANY

No. 70-206.

242 So.2d 179 (1970)

Abe MURAVCHICK and Pauline Muravchick, Appellants, v. UNITED BONDING INSURANCE COMPANY, an Indiana Corporation, Appellee.

District Court of Appeal of Florida, Third District.

December 22, 1970.

Attorney(s) appearing for the Case

Miller & Schwartz, Hollywood, for appellants.

Moore, Welbaum, Zook & Jones, Miami, for appellee.

Before PEARSON, C.J., and BARKDULL and SWANN, JJ.

PER CURIAM.

The appellants brought a cross-claim against co-defendant, United Bonding Insurance Company. The bonding company had entered into a contractor's payment bond for construction by a lessee upon appellants' property. Appellants' claim alleged that as a result of the failure of the bonding company to promptly pay the claims of certain lienors, the construction mortgage was foreclosed and appellants lost their equity in the property. The trial court dismissed...

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