Legal Opinion

Schattman v. American Credit Indemnity Co.

Appellate Division of the Supreme Court of the State of New York

Decided July 1, 1898PublishedCited by 7 opinions

Appeal by the plaintiffs, Jacob Schattman and others, from a judgment of the Supreme' Court in favor of the defendant, entered in the office of the clerk of the county of New York on the 22d day. of December, 1897, upon the verdict of a jury, and also from an order entered in said clerk’s office on the 21st day of December, 1897, denying the plaintiffs’ motion for a new trial made upon the minutes.

1Opinion of the Court

Ingraham, J.:

Thp action is brought to recover upon what is called a bond of indemnity issued by the defendant, whereby the defendant agrees to indemnify the plaintiffs against “ loss to the extent of and not exceeding ten thousand dollars, resulting from, insolvency of debtors over and above an annual net loss of .$3,000, three *393thousand dollars.” The particular loss for which the plaintiffs claim indemnity was caused by the insolvency of one Bach, by which it is claimed that the plaintiffs sustained a loss of upwards of $15,000. The defense was that the plaintiffs had received from said Bach…

2Cited by7 opinions

  1. In Re the Probate of the Will of CunnionNew York Court of Appeals · 1911
  2. State v. BaldwinSupreme Court of Missouri · 1927
  3. In re Grand Jury Subpoena for Documents in the Custody of the Bekins Storage Co.New York Supreme Court · 1983
  4. In re the Probate of the Last Will and Testament of CunnionAppellate Division of the Supreme Court of the State of New York · 1909
  5. In re the Estate of FeinbergNew York Surrogate's Court · 1945

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