The Cretex Companies, Inc. v. Construction Leaders, Inc.
342 N.W.2d 135 (1984)
Nature of the Case
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Facts
Construction Leaders (D) was hired by Northland to be a general contractor on utilities construction for two properties. Travelers wrote the performance bonds for the projects with Northland as the obligee. D eventually defaulted, and the some of its subs were left unpaid. Cretex (P) sued. Cretex could have filed a mechanics lien against Northland but failed to do so. D was insolvent, and P sued Travelers in an attempt to collect on the performance bonds. The trial court granted summary judgment for P. Travelers appealed.
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