On January 30, 1976, Mendel-Mesick-Cohen-Architects (MMC) entered a judgment in the sum of $11,725.26 against Northern Floor Coverings, Inc. (Northern), for certain architectural services rendered by the plaintiffs. Northern, on February 26, 1976, filed a notice of appeal and in connection therewith filed an undertaking issued by the Peerless Insurance Company (Peerless). The undertaking provided that Peerless "does now undertake that, if the judgment appealed from, or any...
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