Armour & Co. v. Royal Indemnity Co.

By a bill of exceptions in one case and an appeal in the other, Armour & Company, Inc. (Armour), brings to us the question whether the trial judge correctly ruled that Armour has no rights on a bond given by a surety and two individual principals to vacate a judgment by default. The judgment was entered for Armour against the individual principals and a corporation in February, 1969. The bond was filed on December 12, 1969, and the next day the judgment was vacated as to the individual principals only. Later, by agreement of all parties, the judgment was vacated as to the corporation, which…