Legal Opinion
Commercial, C., Co. v. Southern Surety Co.
New Jersey Court of Chancery
Decided December 28, 1926PublishedCited by 25 opinions
1Opinion of the Court
On February 25th, 1924, the Southern Surety Company of Iowa entered into a bond for $1,100,000 to the county of Allegheny, Pennsylvania, to secure the county's deposit in the Carnegie Trust Company during the term of the then county treasurer. The complainants, Commercial Casualty Insurance Company and New Jersey Fidelity and Plate Glass Company, reinsured the Southern company against loss on its bond, each to the extent of $50,000. The Carnegie Trust Company failed in 1925, owing the county more than the sum of the bond, and the Southern company paid its loss and called upon the reinsurers…
2Cases cited6 opinions
- Eibel v. Von FellNew Jersey Court of Chancery · 1897
- Schoenfeld v. WinterNew Jersey Court of Chancery · 1909
- Straus v. NorrisNew Jersey Court of Chancery · 1910
- Sweeny v. WilliamsSupreme Court of New Jersey · 1883
- Metler v. Metler's AdministratorsSupreme Court of New Jersey · 1867
1 more not listed; retrieve them via the Exa API.
3Cited by25 opinions
- Ettelson v. Metropolitan Life Ins. Co.Court of Appeals for the Third Circuit · 1943
- Prudential Ins. v. Merritt-Chapman ScottNew Jersey Court of Chancery · 1933
- Prudential Ins. Co. v. Merritt-ChapmanNew Jersey Court of Chancery · 1932
- Aetna Life Insurance Co. v. SussmanNew Jersey Court of Chancery · 1928
- Berger v. Harrison Improvement Co.New Jersey Court of Chancery · 1931
20 more not listed; retrieve them via the Exa API.