United States Credit System Co. v. American Credit Indemnity Co.
Court of Appeals for the Second Circuit
Appeal from the Circuit Court; of the United States for the Southern District of New York. In Equity. Bill by the United States Credit System Company against the American Credit, Indemnity Company for infringement of patent. A demurrer to the bill was sustained. 53 Fed. 818. Complainant appeals. This is an appeal from a decree of the circuit court for the southern district of New York dismissing the hill of complaint.
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Appeal from the Circuit Court; of the United States for the Southern District of New York. In Equity. Bill by the United States Credit System Company against the American Credit, Indemnity Company for infringement of patent. A demurrer to the bill was sustained. 53 Fed. 818. Complainant appeals. This is an appeal from a decree of the circuit court for the southern district of New York dismissing the hill of complaint. The suit was brought on letters patent to Levy Maybaum, dated December 22, 1891, No. 405,485, for “means for securing against excessive losses by bad debts.” Defendant demurred…
1Opinion of the Court
LA'COMBE, Circuit Judge.
What the patentee conceived and sought to patent is correctly enough entitled a “means for securing against' excessive losses by bad debts.” He contemplated the insuring of merchants or traders against such losses by means of contracts of insurance; the insurer, whether individual or corporation, guarantying to make good to the insured whatever losses in excess of a definite percentage he might incur from bad debts. In his specification he states that a careful observation of statistics discloses the facts that the average loss due to bad debts varies in different…
2Cases cited1 opinion
- Underwood v. GerberSupreme Court of the United States · 1893
3Cited by11 opinions
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- Paine, Webber, Jackson & Curtis, Inc. v. Merrill Lynch, Pierce, Fenner & Smith, Inc.District Court, D. Delaware · 1983
- Cincinnati Traction Co. v. PopeCourt of Appeals for the Sixth Circuit · 1913
- CyberSource Corp. v. Retail Decisions, Inc.District Court, N.D. California · 2009
- In Re BolongaroCourt of Customs and Patent Appeals · 1933
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