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SOUTHWOOD BUILDERS v. PEERLESS INS. CO.

Record No. 841404.

366 S.E.2d 104 (1988)

SOUTHWOOD BUILDERS, INC. v. PEERLESS INSURANCE COMPANY.

Supreme Court of Virginia.

March 4, 1988.

Attorney(s) appearing for the Case

James J. Tansey, Washington, D.C., for appellant.

Benjamin J. Trichilo (Lewis & Trichilo, Fairfax, on brief), for appellee.

Present: All the Justices.

THOMAS, Justice.

There are two main issues in this appeal from a judgment in which a surety was held to have been released from all obligations under a performance bond and held not liable under a payment bond. The first issue is whether the trial court erred in holding that a modification of the principal contract released Peerless Insurance Company (Peerless) as surety of that contract under Peerless' performance bond. The second issue is whether the trial court...

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