Royal Indemnity Co. v. United States

313 U.S. 289

61 S.Ct. 995

85 L.Ed. 1361

ROYAL INDEMNITY CO.

v.

UNITED STATES.

No. 817.

Argued May 7, 1941.

Decided May 26, 1941.

Rehearing Denied Oct. 13, 1941.

Mr. Harry S. Hall, of New York City, for petitioner.

[Argument of Counsel from pages 290-291 intentionally omitted]

Mr. Edward J. Ennis, of New York City, for respondent.

1

A collector of internal revenue, who had accepted a surety bond filed with him by a taxpayer to accompany his claim for abatement of income tax, consented to termination of all liability upon the bond and surrendered it before its obligation was fully satisfied. The questions…