Rosenbaum v. United States Credit System Co.
Supreme Court of New Jersey
On error to the Supreme Court. For opinion of the Supreme Court, see 31 Vroom 294. The plaintiff below and here seeks damages for breach of covenant for agency between him and the defendant, an insolvent corporation of this state.
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On error to the Supreme Court. For opinion of the Supreme Court, see 31 Vroom 294. The plaintiff below and here seeks damages for breach of covenant for agency between him and the defendant, an insolvent corporation of this state. On the 1st of December, 1892, by agreement in writing under seal, it was stipulated that the plaintiff should become and be the agent of the defendant, for the State of Massachusetts, for the term of five years thence next ensuing, in procuring applications for certificates of indemnity against excess of losses from credit, and in collecting and receiving all fees…
1Opinion of the Court
The opinion of the court was delivered by
The Chancellor.
The first question presented is whether there was a breach of the contract upon the part of the defendant.
In the case of People v. Globe Mutual Life Insurance Co., 91 N. Y. 174, upon which the opinion of the Supreme Court relies, both parties to the contract, the insurance company and its agent, were restrained by injunction, at the instance of the attorney-general, from the further prosecution of the business of the company and the exercise of any of its corporate franchises; also a receiver was appointed and the corporation was…
2Cases cited2 opinions
- People v. Globe Mutual Life InsuranceNew York Court of Appeals · 1883
- Kirkpatrick v. State Board of AssessorsSupreme Court of New Jersey · 1894
3Cited by14 opinions
- In re HarperDistrict Court, N.D. New York · 1910
- Napier v. Peoples Stores Co.Supreme Court of Connecticut · 1923
- duPont v. Standard Arms Co.Court of Chancery of Delaware · 1912
- Gallagher v. Asphalt Co. of AmericaNew Jersey Court of Chancery · 1903
- Elwell v. Adder Machine Co.Wisconsin Supreme Court · 1908
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