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ACOUSTICS, INC. v. THE HANOVER INS. CO.

118 N.J. Super. 361 (1971)

287 A.2d 482

ACOUSTICS, INC., PLAINTIFF, v. THE HANOVER INSURANCE COMPANY, DEFENDANT.

Superior Court of New Jersey, Law Division.

Decided December 21, 1971.

Attorney(s) appearing for the Case

Mr. Ralph A. Yacavino for plaintiff.

Mr. Anthony J. LaRusso for defendant (Messrs. Lindabury, McCormick & Estabrook, attorneys).

WALSH, J.D.C. (temporarily assigned).

The facts leading to the present controversy reveal that on November 4, 1968 Arnold Walter Nursing Home (Walter) entered into a contract with Russdick Construction Corporation (Russdick) for the construction of a nursing home. Under the terms of the contract Russdick agreed to furnish an FHA payment bond in the amount of $537,532.00, which also was executed on November 4, 1968. Under the terms of the bond Russdick appeared as...

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