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Equitable Subrogation in Bond Dispute by Scribd Government Docs is a document available to read on EtoBox.

This document discusses a dispute over $594,000 paid into district court by USF&G to settle claims from a construction project. Dauphin Deposit Bank issued a letter of credit to the Township for the project but was not reimbursed after honoring it. It argues it is equitably subrogated to the rights of its customer Associates in the USF&G bond proceeds. However, the district court granted summary judgment to Investors, to whom Associates partially assigned the bond proceeds. The appeals court is tasked with

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Scribd Government Docs

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EN