Ordered that the order and judgment is affirmed, with costs.
In 1993, the respondent ADC Contracting and Construction, Inc. (hereinafter ADC), a general contracting company, was incorporated. The respondent Anthony Chiodi was ADC's sole shareholder and president.
ADC acted as general contractor on construction projects for certain municipalities. In connection with those projects, ADC obtained payment and performance bonds from two sureties. In order to induce...
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