National Union Fire Insurance Co. of Pittsburgh v. Worley
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Nardelli, J. P.
Defendant, a Texas resident, purchased an interest in a Texas limited partnership known as Virgin Isle Hotel Limited Partnership (Partnership). She paid $2,750 in cash and executed and delivered to the Partnership a promissory note for $47,250, which provided for six annual payments of principal and interest.
*230Plaintiff, National Union Fire Insurance Company (National Union), issued a financial guarantee bond whereby payment of the limited partners’ notes was guaranteed by plaintiff. However, as a condition of the issuance of this bond, each limited partner…
2Cases cited15 opinions
- Channel Master Corp. v. Aluminium Limited Sales, Inc.New York Court of Appeals · 1958
- Credit Francais International, S. A. v. Sociedad Financiera de Comercio, C. A.New York Supreme Court · 1985
- McMahan & Co. v. Donaldson, Lufkin & Jenrette Securities Corp.District Court, S.D. New York · 1989
- Corines v. DobsonAppellate Division of the Supreme Court of the State of New York · 1987
- National Union Fire Insurance v. WilliamsAppellate Division of the Supreme Court of the State of New York · 1996
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3Cited by37 opinions
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- Sterling National Bank v. Eastern Shipping Worldwide, Inc.Appellate Division of the Supreme Court of the State of New York · 2006
- C3 Media & Marketing Group, LLC v. Firstgate Internet, Inc.District Court, S.D. New York · 2005
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