In the Matter of MORSE ELECTRIC COMPANY, INC., Debtor. Appeal of HOOSIER FENCE COMPANY, INC.

U.S. Court of Appeals, Seventh Circuit · Decided 1986-11-04

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EASTERBROOK, Circuit Judge. This is a bankruptcy case. Morse Electric Co., the bankrupt, took part in the construction of a toll plaza and utility building on the Indiana Toll Road. The project was covered by a performance bond, as state law required. The bond secures payment to suppliers that “furnished material or other service in the construction of any highway”, <span class…

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