Legal Opinion
Cobb Bank & Trust Co. v. American Manufacturers Mutual Insurance
District Court, N.D. Georgia
Decided October 25, 1978No. Civ. A. 77-296 APublishedCited by 16 opinions
1Opinion of the Court
RICHARD C. FREEMAN, District Judge.
FINDINGS OF FACT
1
On or about January 3, 1975, Omnibus Group, Inc. 1 [hereinafter “Omnibus”] as principal and defendant American Manufacturers Mutual Insurance Company [hereinafter “Surety”] as surety in consideration of the payment of a premium of $1,200.00 by Omnibus to Surety executed a financial guaranty bond undertaking to guarantee repayment of a loan from Hamilton Mortgage Company to Omnibus in the amount of $60,000.00.
2
Hamilton Mortgage Company never made the $60,000.00 loan to Omnibus and the related financial guaranty bond was returned to the Surety.
2Cases cited9 opinions
- Tinsley v. RiceSupreme Court of Georgia · 1898
- Ballinger v. C. & S. BANKCourt of Appeals of Georgia · 1976
- Cobb County Rural Electric Membership Corp. v. Board of Lights & Water WorksSupreme Court of Georgia · 1955
- Allstate Insurance Company v. WalkerCourt of Appeals of Georgia · 1966
- Southern Railway Co. v. A. O. Smith Corp.Court of Appeals of Georgia · 1975
4 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Amberboy v. Societe De Banque PriveeTexas Supreme Court · 1992
- Branch Banking & Trust Co. v. CreasySupreme Court of North Carolina · 1980
- Gillespie v. DeWittCourt of Appeals of North Carolina · 1981
- Branch Banking & Trust Co. v. CreasySupreme Court of North Carolina · 1980
- Robert J. Keaten v. The Paul Revere Life Insurance Company, a Massachusetts CorporationCourt of Appeals for the Fifth Circuit · 1981
11 more not listed; retrieve them via the Exa API.