Prior to December 1982, defendant INA was the surety on a performance bond issued to the S.L.A. Construction Corp. for the completion of two construction contracts. When S.L.A. was declared to be in default, INA, pursuant to the option provided in the performance bond, hired plaintiff (Arred) as construction manager to complete the projects. Arred and INA entered into an agreement on or about January 19, 1983 under which Arred agreed to assume the obligations of S.L.A. that...
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