Shea v. Fidelity & Casualty Co.

The plaintiff, being about to engage in the business of trafficking in liquor, procured the defendant to give the bond required by the Liquor Tax Law. An agreement was thereupon made between plaintiff and defendant whereunder plaintiff deposited with defendant the sum of $1,600 (the amount of the bond), which he agreed should be held by defendant as indemnity during the term of said bond or any renewals, extensions, or changes thereof, “ and until all liability thereunder has ceased.” It was further agreed that, if the defendant should sustain no loss, damage, costs, charges, and expenses, it…