Carr v. Citizens Bank and Trust Co.
Supreme Court of Virginia
1Opinion of the CourtCochran, J.
Citizens Bank and Trust Company (the Bank) instituted this action on an injunction bond against Natalie Carr, principal obligor on the bond, and Charles H. Cuthbert, Jr., surety thereon. The Bank alleged that Carr had moved the trial court to enjoin the foreclosure sale of certain real estate; that upon execution of the injunction bond in the penalty of $25,000 the trial court enjoined the sale; that the court dissolved the injunction one week later upon Carr’s motion but required that $5,000 of the cash surety deposited with the bond be retained subject to further order of the court; that…
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