Court of Appeals for the Eighth Circuit August 29, 1979, No. 78-1894 (Continental Bank & Trust Co. v. American Bonding Co.)

ROSS, Circuit Judge.

Defendant American Bonding Company (American, the surety) denies liability on five performance bonds which it executed in May 1973 in connection with a land development project, Leisure Lake Subdivision, in Callaway County, Missouri. The bonds guaranteed the performance by Systems Leisure Properties, Inc.