National Acceptance Co. v. Royal Indemnity Co.

By its bill in this case the complainant, National Acceptance Company, a Tennessee corporation, is seeking to recover of the defendant, Royal Indemnity Company, a New York corporation, the sum of $3134, with interest from January 13, 1927, upon a bond executed by the David-Mathis Motor Company as principal and the defendant Royal Indemnity Company as surety.

On final hearing, the Chancellor dismissed the bill and taxed the complainant and its surety with the costs, whereupon the com plainant brouglit the ease to this court by appeal, and is here insisting, through assignments of error, brief,…