American Credit Indemnity Co. v. Wimpfheimer
Appellate Division of the Supreme Court of the State of New York
Appeal by the plaintiff, the American Credit Indemnity Company of New York,.from a judgment of the Supreme Court in, favor of the defendants, entered in the office of the clerk of the county of New York on the 19th day of May, 1896, upoii the decision of the court rendered after a trial at the New York Special Term dismissing its complaint. This appeal was transferred from the first department to the second department.
1Opinion of the Court
Goodrich, P. J.;
The plaintiff is a corporation, organized under the laws of this State, having its principal place of business in St. Louis, Mo., with a branch office in the city of New York. Its business is the insuring of merchants against loss by insolvency of debtors. This particular class of insurance is of recent origin, but the principles which must govern the construction of the bond on this appeal are not new. The bond or policy issued by it guarantees to the holder indemnity against loss to the extent of a definite amount mentioned therein, over and above a net loss which must first…
2Cases cited1 opinion
- Dambmann v. . SchultingNew York Court of Appeals · 1878
3Cited by3 opinions
- Conlew, Inc. v. UhlerAppellate Division of the Supreme Court of the State of New York · 1933
- Balducci v. ZennerNew York Supreme Court · 1951
- Kent-Juell Associates, Inc. v. PinkAppellate Division of the Supreme Court of the State of New York · 1936