Legal Opinion
State of New York v. Peerless Ins. Co.
New York Court of Appeals
Decided March 25, 1986PublishedCited by 25 opinions
1Opinion of the Court
OPINION OF THE COURT
Memorandum.
The order of the Appellate Division should be affirmed, with costs. It has long been settled in this State that absent either an express agreement in the surety bond or inquiry by the surety, a creditor has no duty to keep the surety informed of the debtor’s financial situation (Bostwick v Van Voorhis, 91 NY 353, 360-362; Howe Sewing Mach. Co. v Farrington, 82 NY 121, 126-127; Western N. Y. Life Ins. Co. v Clinton, 66 NY 326, 331; McKecknie v Ward, 58 NY 541, 553; Brown v Curtiss, 2 NY 225, 230; State Bank v McDonnell, 40 AD2d 905; Stagg Tool & Die Corp. v…
2Cases cited14 opinions
- General Phoenix Corp. v. CabotNew York Court of Appeals · 1949
- Ehrlich v. American Moninger Greenhouse Manufacturing Corp.New York Court of Appeals · 1970
- Howe Machine Company v. . FarringtonNew York Court of Appeals · 1880
- Board of Supervisors v. . OtisNew York Court of Appeals · 1875
- Brown v. . CurtissNew York Court of Appeals · 1849
9 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- In Re Alstom SA Securities LitigationDistrict Court, S.D. New York · 2005
- Rachman Bag Company, a Partnership Composed of Plains Bag and Bagging Co., Inc., and Rachman Bag Co., Inc. v. Liberty Mutual Insurance CompanyCourt of Appeals for the Second Circuit · 1995
- Schanfield v. Sojitz Corp. of AmericaDistrict Court, S.D. New York · 2009
- Fulton Cogeneration Associates v. Niagara Mohawk Power Corp.Court of Appeals for the Second Circuit · 1996
- Menorah Nursing Home, Inc. v. ZukovAppellate Division of the Supreme Court of the State of New York · 1989
20 more not listed; retrieve them via the Exa API.