Powers v. Maryland Casualty Co.

BREWSTER, District Judge.

The plaintiff is trustee in bankruptcy of tbe New England Guaranty Corporation (hereinafter referred to as the Guaranty Corporation). He brings this action at law against the defendant, Maryland Casualty Company, to recover a loss of $5,845.22, incurred by the Guaranty Corporation by purchasing partly fictitious accounts receivable, which loss the plaintiff alleges was covered by a bond of indemnity issued by the defendant to the Guaranty Corporation. The Guaranty Corporation is a finance corporation, engaged in the business of buying accounts receivable. The business…