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MINNEAPOLIS-HONEYWELL REGULATOR CO. v. TERMINAL CONST. CORP.

41 N.J. 500 (1964)

197 A.2d 557

MINNEAPOLIS-HONEYWELL REGULATOR COMPANY, A CORPORATION AUTHORIZED TO DO BUSINESS IN NEW JERSEY, PLAINTIFF-APPELLANT, v. TERMINAL CONSTRUCTION CORPORATION, A CORPORATION, AND AMERICAN SURETY COMPANY OF NEW YORK, A CORPORATION, DEFENDANTS-RESPONDENTS.

The Supreme Court of New Jersey.

Decided February 17, 1964.

Attorney(s) appearing for the Case

Mr. Lawrence B. Raff argued the cause for plaintiff-appellant (Messrs. Raff, Sherman & Scheider, attorneys).

Mr. Aaron Heller argued the cause for defendants-respondents (Messrs. Heller & Laiks, attorneys).

The opinion of the court was delivered by FRANCIS, J.

On August 6, 1959 defendant Terminal Construction Corporation as general contractor executed a contract with the United States, Department of the Navy, for the construction of an Armed Services Housing Project at the McGuire Air Force Base, Wrightstown, Burlington County, New Jersey. Defendant American Surety Company issued a payment bond covering the project, with Terminal as principal, to secure, among other...

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