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FOUNDERS' INS. CO. v. LANCO DEV. CORP.

Docket No. 26698.

221 Cal.App.2d 503 (1963)

34 Cal. Rptr. 522

FOUNDERS' INSURANCE COMPANY, Plaintiff and Appellant, v. LANCO DEVELOPMENT CORPORATION et al., Defendants and Respondents.

Court of Appeals of California, Second District, Division Three.

October 24, 1963.

Attorney(s) appearing for the Case

Anderson, McPharlin & Conners and Luther L. Jensen for Plaintiff and Appellant.

Lawrence A. Weinreb for Defendants and Respondents.

NOURSE, J. pro tem.*

This is an action on an agreement of indemnity executed by respondents Sayan under which they indemnified appellant against loss on a performance bond executed by it. This faithful performance bond recited that Lanco Development Corporation, hereinafter called Lanco, had entered into a written contract with North American Aviation, Inc., hereinafter called North American...

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