WALTZER, Judge.
STATEMENT OF THE CASE
Mariner's Village Mandeville, Inc. (Mariner's), a Louisiana corporation, sued Louisiana Insurance Guaranty Association (LIGA), as successor to the obligations of Eastern Indemnity Company of Maryland (Eastern), for $300,000 under Performance Bonds issued on or about 29 May 1984, guaranteeing payment of two checks, each in the amount of $300,000, issued by defendant FAMA, Inc. on or about the same date. The checks...
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