SHEBELL, J.S.C.
Plaintiff, a municipal corporation, required the owner of certain real property to execute as principal, pursuant to the provisions of its building code, a certain performance bond in the sum of $1,000. The bond was also executed by defendant Continental Insurance Company as surety.
The purpose of the bond was to guarantee the completion of construction of a private residence upon the owner's premises. It is stipulated that the construction...
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