The order of the Appellate Division should be affirmed, with costs.
International Fidelity Insurance Company was surety for Payload Construction on its contract with the City of Niagara, but its obligation on the bond terminated by agreement with the city on July 10, 1974. It was not until August 27, 1974 that plaintiff contracted with Payload's successor, C.I.C. Enterprises, the surety for which was Summit...
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