Legal Opinion
Baltimore Trust Co. v. Metropolitan Casualty Ins.
District Court, D. Maryland
Decided April 29, 1933PublishedCited by 1 opinion
1Opinion of the Court
CHESNUT, District Judge.
The demurrer to the declaration in this case presents the important, and apparently new, question of law, whether a surety bond given by a mortgage bond company to a trustee for its bondholders to guarantee to'the trustee the payment of the amount of a particular mortgage, is assignable by the trustee to the purchaser of the mortgage where the latter is withdrawn from the trust by the mortgage company prior to any default by the mortgage company.
In the particular case the mortgage company was the First National Company, a Delaware corporation; the trustee was the…
2Cases cited5 opinions
- United States Fidelity & Guaranty Co. v. Board of Com'rs of Woodson CountyCourt of Appeals for the Eighth Circuit · 1906
- Maryland Casualty Co. v. FowlerCourt of Appeals for the Fourth Circuit · 1929
- Central Union Bank of South Carolina v. New York Underwriters' Ins.Court of Appeals for the Fourth Circuit · 1931
- Southern Surety Co. v. Town of GreenevilleCourt of Appeals for the Sixth Circuit · 1920
- Fluck v. HagerSupreme Court of Pennsylvania · 1866
3Cited by1 opinion
- Baltimore Trust Co. v. Metropolitan Casualty Ins.Court of Appeals for the Fourth Circuit · 1934