Schlesinger v. Schroeder

The following opinion was filed December 6, 1932:

Fkitz, J.

Plaintiff commenced this action against Walter Schroeder, as principal, and the Massachusetts Bonding & Insurance Company, as surety, on a bond executed and delivered by them to plaintiff in the penal sum of $25,000, with interest at the rate of seven and one-half per cent, per annum, to be paid to plaintiff, as obligee, with the condition, however, “that if said Thirty-fifth & Wisconsin Company shall pay to said obligee all sums of principal and interest owing under said note and mortgage when due, then this obligation shall be void,…