G.R. No. 147561 - Stronghold Insurance Co., Inc. vs. Republic-Asahi Glass Corp.

Stronghold Insurance Co., Inc. vs. Republic-Asahi Glass Corp.

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Title Supreme Court: Stronghold Insurance Co., Inc. vs. Republic-Asahi Glass Corp.

Case: G.R. No. 147561

Decision Date: Jun 22, 2006

JDS Construction's contract with Republic-Asahi was rescinded due to poor performance. SICI, the surety, claimed liability extinguished by Santos's death, but the Court ruled SICI remains solidarily liable under the performance bond.

death of principal obligor

performance bond

solidary liability

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