Legal Opinion
Cherry v. Charles Benson, Inc.
Appellate Court of Illinois
Decided November 4, 1931No. Gen. No. 8,510PublishedCited by 9 opinions
1Opinion of the CourtJustice Eldredge
On November 11, 1925, The Danville Hotel Company, as owner, and Charles Benson, Inc., as contractor, entered into a written contract for the construction of a hotel building for the sum of $604,899 in cash and $217,800 in common stock of the owner at the par value of $100 per share. For the faithful performance of this contract Charles Benson, Inc., as principal, and the Aetna Casualty & Surety Company (appellant) as surety, executed a bond in the penal sum of $822,699. This bond contained the following provision:
“Now, Therefore, the condition of this obligation is such that if the Principal…
2Cases cited39 opinions
- Knight & Jillson Co. v. CastleIndiana Supreme Court · 1909
- Getchell & Martin Lumber & Manufacturing Co. v. Peterson & SampsonSupreme Court of Iowa · 1904
- Byram Lumber & Supply Co. v. PageSupreme Court of Connecticut · 1929
- Fidelity Deposit Co. of Baltimore, Md. v. RainerSupreme Court of Alabama · 1929
- Baker & Co. v. BryanSupreme Court of Iowa · 1884
34 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Cherry v. Aetna Casualty & Surety Co.Illinois Supreme Court · 1939
- Fodge v. Board of EducationAppellate Court of Illinois · 1941
- La Salle Iron Works, Inc. v. LargenSupreme Court of Missouri · 1966
- Maxwell ex rel. Maxwell v. NieftAppellate Court of Illinois · 1942
- People ex rel. National Cast Iron Pipe Co. v. MerkleAppellate Court of Illinois · 1933
4 more not listed; retrieve them via the Exa API.