Petersen v. National Surety Co.

This is a motion for judgment on the pleadings. The complaint alleges that on or about the 8th of March, 1915, the Bronx Auction Company, Inc. assigned for the benefit of creditors to one Joseph F. Grady, and subsequently Grady made his bond in the sum of $3,000 with the defendant as surety. A reference to the bond, a copy of which is annexed to the complaint, shows that Grady, as principal, and the National Surety Company, as surety, are bound unto the People of the State of New York in the sum of $3,000, conditioned upon the faithful discharge and execution of the duties of said Grady. The…