Wishner v. United States Fidelity & Guaranty Co.

The question presented here is whether or not the defendant is obliged to account to the plaintiff for the total gross sum realized by it on account of claims assigned to and collected by it, or whether it has the right to deduct from the amounts collected the-necessary and reasonable costs of collection. This requires a consideration of the terms of the policy. The policy guarantees the plaintiff against loss “due to insolvency, as hereinafter defined, of debtors, and which loss shall result from the assured’s bona fide sales of hides and skins shipped and delivered, during the term of this…