Keating v. Equitable Surety Co.

The action is brought to recover the amount of a judgment obtained by the plaintiff against the Guardian Taxi Corporation. The defendant had issued an indemnity bond, as provided by section 282-b of the Highway Law (added by Laws of 1922, chap. 612, as amd.), in which the defendant was surety and the Guardian Taxi Corporation was principal. The bond provided, in accordance with the statute, that if a judgment for personal injuries was .recovered by any person against the Guardian Taxi Corporation, both principal and surety were to be held liable for the payment of the judgment. The plaintiff…