Legal Opinion
North American Life Insurance v. Maryland Casualty Co.
Appellate Court of Illinois
Decided March 18, 1919No. Gen. No. 24,147PublishedCited by 2 opinions
Appeal from the Circuit Court of Cook county; the Hon. Charles M. Thompson, Judge, presiding. Heard in the Branch Appellate Court at the Miarch term, 1918.
1Opinion of the CourtJustice Barnes
This is a suit based upon an alleged breach of a bond given by appellant Casualty Company to appellee Insurance Company insuring a deposit of appellee against the insolvency of the La Salle Street Trust & Savings Bank. The case was heard without a jury and the court’s finding and judgment were for plaintiff in the sum of $9,160.95.
The bond is dated December 11, 1913, and reads as follows:
“Whereas, North American Life Insurance Company of Chicago, Illinois (hereinafter called the Depositor) has opened a deposit account with the La Salle Street Trust & Savings Bank (hereinafter called the Bank)…
2Cases cited1 opinion
- Terwilliger v. National Masonic Accident Ass'nIllinois Supreme Court · 1902
3Cited by2 opinions
- McGrahan v. Public Indemnity Co.Appellate Court of Illinois · 1933
- North American Life Insurance v. Colonial Trust & Savings BankAppellate Court of Illinois · 1925