American Fire & Casualty Co. v. First National City Bank of New York
Court of Appeals for the First Circuit
1Opinion of the Court
McENTEE, Circuit Judge.
This case stems from a dispute between a surety (American Fire & Casualty Co.) and a lender (First National City Bank of New York, hereafter the Bank). The surety was engaged by a subcontractor (Manubenco Enterprises Corp.) to guarantee completion of its work to the general contractor, American P. R. Investment Corp., hereafter APRICO.
The facts, based on a stipulation entered into between surety and lender, are as follows: On November 10, 1961, APRICO entered into a contract with Cooperativa de Viviendas Dr. Lopez Sicardo (owner) for the construction of a housing…
2Cases cited9 opinions
- Pearlman v. Reliance InsuranceSupreme Court of the United States · 1962
- Salem Trust Co. v. Manufacturers' Finance Co.Supreme Court of the United States · 1924
- Corn Exchange National Bank & Trust Co. v. KlauderSupreme Court of the United States · 1943
- The National Shawmut Bank of Boston v. New Amsterdam Casualty Co., Inc.Court of Appeals for the First Circuit · 1969
- Trinity Universal Insurance Company and First National Bank in Dallas v. United StatesCourt of Appeals for the First Circuit · 1967
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3Cited by20 opinions
- Advance Financial Corporation v. Isla Rica Sales, Inc., Antonio Novoa v. Boyd L. HobbsCourt of Appeals for the First Circuit · 1984
- In The Matter Of J. V. Gleason Co., Inc.Court of Appeals for the Eighth Circuit · 1971
- Framingham Trust Company v. Gould-National Batteries, Inc., American Casualty Company v. Framingham Trust CompanyCourt of Appeals for the First Circuit · 1970
- Mid-Continent Casualty Co. v. First National Bank & Trust Co. of ChickashaSupreme Court of Oklahoma · 1975
- O'Rourke v. Coral Construction, Inc. (In Re E.R. Fegert, Inc.)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1988
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