Legal Opinion

Levison v. Illinois Surety Co.

Appellate Division of the Supreme Court of the State of New York

Decided May 7, 1915Published

Motion by the defendant, Illinois Surety Company, for a new trial upon a case containing exceptions, ordered to be heard at the Appellate Division in the first instance upon the verdict of a jury in favor of the plaintiff rendered by direction of the court after a trial at the New York Trial Term in October, 1914.

1Opinion of the Court

Laughlin, J.:

The plaintiffs were copartners engaged, under the name of Commercial Trades Company, in the business of advancing money to contractors on the security of assigned claims for moneys to grow due under their contracts. Vermilye & Power, Inc., was .a domestic corporation engaged in the business of furnishing machinery and supplies to contractors and others, and had various contracts to furnish machinery and supplies to the United States government. Business relations between Vermilye & Power, Inc., and the plaintiffs were negotiated and established in behalf of that company by the…

2Cases cited5 opinions

  1. National Bank of Commerce v. DownieSupreme Court of the United States · 1910
  2. York v. . CondeNew York Court of Appeals · 1895
  3. Conde v. YorkSupreme Court of the United States · 1898
  4. In Re the Accounting of HoneNew York Court of Appeals · 1897
  5. Manhattan Commercial Co. v. PaulAppellate Division of the Supreme Court of the State of New York · 1913

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