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TP. OF HANOVER v. INTER. FIDELITY INS. CO.

122 N.J. Super. 544 (1973)

301 A.2d 163

TOWNSHIP OF HANOVER, A MUNICIPAL CORPORATION, PLAINTIFF-APPELLANT AND CROSS-RESPONDENT, v. THE INTERNATIONAL FIDELITY INSURANCE COMPANY, A CORPORATION OF THE STATE OF NEW JERSEY, AND PARKER MADISON, INC., ET ALS., DEFENDANTS-RESPONDENTS AND CROSS-APPELLANTS.

Superior Court of New Jersey, Appellate Division.

Decided March 5, 1973.

Attorney(s) appearing for the Case

Mr. Lawrence K. Eismeier argued the cause for plaintiff (Messrs. Young and Sears, attorneys).

Mr. David Samson argued the cause for defendant International Fidelity Insurance Company (Messrs. Lieb, Wolff & Samson, attorneys).

Mr. Edward A. Dreskin argued the cause for defendant Parker Madison, Inc.

Before Judges LABRECQUE, KOLOVSKY and MATTHEWS.

PER CURIAM.

This action was instituted by plaintiff township against Parker Madison, Inc. (Parker) and The International Fidelity Insurance Company (International) to recover $12,000, the amount of the bid bond submitted by Parker as principal and International as surety to guarantee that Parker would enter into a contract if its bid were accepted by the township.

The trial court denied cross-motions for summary judgment made by plaintiff and Parker. At the...

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