National Union Fire Insurance v. Robert Christopher Associates
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Rubin, J.
An entity that extends credit to finance a business venture, especially one that merely provides a bond to guarantee performance of a party’s contractual obligation, is not, by implication, a party to the underlying transaction and does not, without more, subject itself to claims or defenses otherwise available against a principal.
Plaintiff, which furnished a financial performance bond to defendants, investors in a real estate limited partnership, is not subject to the defense that the investors were fraudulently induced by the sponsor to purchase interests in the…
2Cases cited31 opinions
- Rovello v. Orofino Realty Co.New York Court of Appeals · 1976
- Danann Realty Corp. v. HarrisNew York Court of Appeals · 1959
- Citibank, N. A. v. PlapingerNew York Court of Appeals · 1985
- Rudman v. Cowles Communications, Inc.New York Court of Appeals · 1972
- Arrington v. New York Times Co.New York Court of Appeals · 1982
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3Cited by38 opinions
- Baseball Office of the Commissioner v. Marsh & McLennan, Inc.Appellate Division of the Supreme Court of the State of New York · 2002
- Busker on the Roof Ltd. Partnership Co. v. WarringtonAppellate Division of the Supreme Court of the State of New York · 2001
- Sadler v. Loomis Co.Court of Special Appeals of Maryland · 2001
- Hoffend & Sons, Inc. v. Rose & Kiernan, Inc.Appellate Division of the Supreme Court of the State of New York · 2005
- Catalanotto v. Commercial Mutual InsuranceAppellate Division of the Supreme Court of the State of New York · 2001
33 more not listed; retrieve them via the Exa API.