Ordered that the judgment is affirmed, with costs.
The defendant third-party plaintiff, Fred L. Holt, Inc. (hereinafter Holt), entered into a subcontract with the plaintiff to perform construction work on a building project for the defendant Lederle Laboratories. The third-party defendant, International Fidelity Insurance Company (hereinafter International), issued a performance bond for the project, naming the plaintiff as the principal and Holt as the obligee.<...
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