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  5. 582 S.W.2d 883 (1979)
 

ARGONAUT INS. CO. v. ABC STEEL PRODUCTS CO., INC.

No. 8648.

582 S.W.2d 883 (1979)

ARGONAUT INSURANCE COMPANY, Appellant, v. ABC STEEL PRODUCTS CO., INC., d/b/a ABC Doors, Appellee.

Court of Civil Appeals of Texas, Texarkana.

Rehearing Denied May 29, 1979.

Attorney(s) appearing for the Case

James H. Baumgartner, Jr., Vial, Hamilton, Koch, Tubb, Knox & Stradley, Dallas, for appellant.

David E. Bird, Bedsole & Bird, Dallas, for appellee.

CORNELIUS, Chief Justice.

Argonaut Insurance Company appeals from a judgment rendered against it in favor of ABC Steel Products Co., Inc.

ABC agreed to sell and install steel warehouse doors to C. T. Lambert & Associates, Inc., a general contractor, for use in the construction of a mini-warehouse project in Richardson, Texas. Argonaut, pursuant to Tex.Rev.Civ.Stat.Ann. art. 5472d (Supp. 1978-1979), executed a statutory payment bond for Lambert which guaranteed...

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