American Credit Indemnity Co. v. Cassard
Court of Appeals of Maryland
Appeal from the Superior Court of Baltimore City. That Court (RiTCHrE, J.), instructed the jury that by the true construction of the bond sued on the plaintiff was entitled to recover, and the jury returned a verdict for the plaintiff for $2,435-68.
1Opinion of the CourtMcSherry, C. J.
The American Credit-Indemnity Company is a corporation created under the laws of the State of Loúisiana. Its business consists in guaranteeing or indemnifying vendors of goods, wares and merchandise against losses resulting to* them from the insolvency of their commercial or mercantile debtors. It issues for a money consideration a bond of indemnity which, together with the conditions and terms written or printed upon it, constitutes the contract between the company and the indemnified creditor. Among these conditions it is provided by the eighth clause that “ in the event of failure of, or…
2Cited by6 opinions
- Hartford Accident & Indemnity Co. v. W. & J. Knox Net & Twine Co.Court of Appeals of Maryland · 1926
- State Ex Rel. Southern Maryland National Bank v. National Surety Co.Court of Appeals of Maryland · 1915
- W. B. Saunders Co. v. DuckerCourt of Appeals of Maryland · 1911
- Union Central Life Ins. v. United States Fidelity & Guaranty Co.Court of Appeals of Maryland · 1904
- Strouse & Bros. v. American Credit-Indemnity Co.Court of Appeals of Maryland · 1900
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