New Albany Trust Company v. Nadorff

By leave granted, appellee sought by her intervening petition to have her claim allowed as a general claim in the liquidation of the New Albany Trust Company. In her petition, appellee alleged that the New Albany Trust Company failed and refused to perform its promise to guarantee the payment of the principal and interest of certain bonds of the National Bond and Mortgage Corporation which were purchased by appellee from the appellant trust company. A demurrer for want of facts was addressed to the petition and overruled, and the issues were closed by an answer in general denial. The court…