Independence Indemnity Co. v. Silver State Building & Loan Ass'n

The Silver State Building- and Loan Association, referred to herein as the Building Association, sued Independence Indemnity Company, a Pennsylvania corporation, referred to herein as' the Indemnity Company, on a bond, and recovered a judgment. The Indemnity Company seeks to have that judgment reversed.

In June, 1928, the Dencol Investment Company, referred to herein as the Investment Company, and the Building- Association executed an agreement to exchange real property. The agreement refers to the Investment Company as the owner of an apartment house, and the Building Association as the owner…