Legal Opinion
Prudential Capital Corp. v. Royal Indemnity Co.
Appellate Division of the Supreme Court of the State of New York
Decided May 21, 1964PublishedCited by 4 opinions
1Opinion of the Court
Order, entered on January 6, 1964, granting summary judgment, unanimously reversed, on the law, and the motion denied, with costs to abide the event. Plaintiff, a factor, sues an insurance company. It appears that plaintiff participated in the factoring of BojCraft Enterprises, Inc., by Whitehall Mercantile Corp., another factor. Bo-Craft Enterprises obtained advances from Whitehall on the strength of spurious invoices and documents of delivery, and losses were sustained as a result. Defendant resists payment on a broker’s blanket bond attached to an indemnity policy which it had issued to…
2Cases cited5 opinions
- Bird v. St. Paul Fire & Marine InsuranceNew York Court of Appeals · 1918
- Harris v. Allstate InsuranceNew York Court of Appeals · 1955
- Fidelity Trust Company v. American Surety Company of New York and Hartford Accident and Indemnity CompanyCourt of Appeals for the Third Circuit · 1959
- The First National Bank of South Carolina of Columbia v. Glens Falls Insurance CompanyCourt of Appeals for the First Circuit · 1962
- Fidelity Trust Co. v. American Surety Co. of New YorkDistrict Court, W.D. Pennsylvania · 1959
3Cited by4 opinions
- The Exchange National Bank of Olean v. Insurance Company of North AmericaCourt of Appeals for the Second Circuit · 1965
- Jones v. Fireman's Fund InsuranceCalifornia Court of Appeal · 1969
- William Iselin & Co. v. Fireman's Fund InsuranceAppellate Division of the Supreme Court of the State of New York · 1986
- William Iselin & Co. v. Fireman's Fund InsuranceAppellate Division of the Supreme Court of the State of New York · 1986