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FINANCIAL INDEM. CO. v. STEELE & SONS, INC.

No. 79-1047.

403 So.2d 600 (1981)

FINANCIAL INDEMNITY COMPANY, Appellant/Cross-Appellee, v. STEELE & SONS, INC., Charles E. Hobbs and Barbara L. Hobbs, Jointly and Severally, and W.W. Arnold Construction Company, Inc., Appellees/Cross-Appellants, v. SAFECO INSURANCE COMPANY, Appellee.

District Court of Appeal of Florida, Fourth District.

September 16, 1981.

Attorney(s) appearing for the Case

R. Lee Bennett of Lowndes, Drosdick & Doster, Orlando, for appellant/cross-appellee.

Larry Klein, West Palm Beach and William J. Stewart of McKinnon & Stewart, Vero Beach, for appellee/cross-appellant W.W. Arnold Const. Co.

Ronald W. Sikes of Welbaum, Zook, Jones & Williams, Orlando, for appellee, Safeco Ins. Co.

HURLEY, Judge.

This appeal challenges a final judgment obtained by a general contractor's surety against a sub-contractor's surety. We affirm.

River Club of Martin County, Inc., (River Club), an owner/developer, entered into a contract with W.W. Arnold Construction Company, Inc., (Arnold), to construct a condominium project. The contract required Arnold to obtain a labor and material payment bond to safeguard River Club. Accordingly, Arnold procured a bond...

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