Legal Opinion
Prudence Co. v. Fidelity & Deposit Co. of Md.
Supreme Court of the United States
Decided February 3, 1936No. 270PublishedCited by 20 opinions
1Opinion of the CourtJustice Caedozo
We are to. determine the measure of damages upon a bond conditioned against loss through the failure to complete a building at the time and in the manner called for by the building contract.
In September, 1929, petitioner, the Prudence Company, Inc., undertook to make a mortgage loan of $6,-650,000 in aid of the construction of Essex House, an apartment hotel in the City of New York. The borrower covenanted that the building would conform to plans and specifications, and would be completed not later than December 16, 1930. As part of the same transaction, two surety companies, - the…
2Cases cited19 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Griffin v. . ColverNew York Court of Appeals · 1858
- Zellerbach Paper Co. v. HelveringSupreme Court of the United States · 1934
- W. B. Worthen Co. v. KavanaughSupreme Court of the United States · 1935
- Freedman's Saving & Trust Co. v. ShepherdSupreme Court of the United States · 1888
14 more not listed; retrieve them via the Exa API.
3Cited by20 opinions
- Glendale Federal Savings & Loan Ass'n v. Marina View Heights Development Co.California Court of Appeal · 1977
- McGrath v. Zenith Radio Corp.Court of Appeals for the Seventh Circuit · 1981
- Fed. Sec. L. Rep. P 99,254 Thomas F. Costello, Cross-Appellant v. Oppenheimer & Co., Inc., Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1983
- In Re Prudence Co.Court of Appeals for the Second Circuit · 1938
- Gulf States Creosoting Co. v. LovingCourt of Appeals for the Fourth Circuit · 1941
15 more not listed; retrieve them via the Exa API.