Case Name: The American Guaranty Co. v. The Cincinnati Iron and Steel Company
Court: Supreme Court of Ohio
Jurisdiction: Ohio
Decision Date: 1927-01-18
Citations: 5 Ohio Law Abs. 45
Docket Number: No. 19844
Parties: The American Guaranty Co. v. The Cincinnati Iron and Steel Company.
Judges: Marshall, CJ., Day, and Kinkade, JJ., concur.
Reporter: The Ohio Law Abstract
Volume: 5
Pages: 45–45

Head Matter:
No. 19844
The American Guaranty Co. v. The Cincinnati Iron and Steel Company.

Opinion:
ALLEN, J.
A compensated surety executed a bond obligating the surety to indemnify the obligee against any loss or damage directly arising from the failure of the principal to faithfully perform his contract to erect a public school building. The principal cnotractor having abandoned performance of the contract, suit was brought upon the bond against the surety by a party who furnished to a material man all the steel building material, cut according to the specifications of the contract, which went directly, substantially without further fabrication, into the construction. Held, that under Sections 2365-1 to 2365-4 inclusive of the General Code, the plaintiff has an action upon the bond.
Judgment affirmed.
Marshall, CJ., Day, and Kinkade, JJ., concur.