American Credit Indemnity Co. v. Hecht & Co.
Court of Appeals of Kentucky
CASO 32 — ACTION BY HECHT & CO. AGAINST THE AMERICAN CREDIT INDEMNITY COMPANY OF NEW YORK — Appeal from McCracken Circuit Court. W. M. Reed, Judge. Judgment for plaintiff, defendant appeals. —
1Opinion of the Court
Opinion op the Court by
Judge Hobson
Affirming.
Heclit & Co. are. merchants doing business in Paducah. The Credit Indemnity Company issued to Heclit & Co. a bond in May, 1905, by which it agreed to indemnify them against actual loss not exceeding $5,000 resulting from the-insolvency of debtors as thereby defined occurring during the time of the bond on the actual sales, shipments, and deliveries made by them of merchandise dealt in and entirely owned by them, between the 2d-day of-May, 1905, and the 1st day of May, 1906. ■ The bond also -contained the following clause': “In case the company…
2Cases cited7 opinions
- Phœnix Ins. v. SpiersCourt of Appeals of Kentucky · 1888
- Lawrence County v. Lawrence Fiscal CourtCourt of Appeals of Kentucky · 1908
- New England Mut. Life Ins. v. SpringgateCourt of Appeals of Kentucky · 1908
- London & Lancashire Insurance v. GerteisenCourt of Appeals of Kentucky · 1899
- Wright's Adm'r v. Northwestern Mutual Life InsuranceCourt of Appeals of Kentucky · 1891
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3Cited by4 opinions
- Canaras v. Lift Truck Services, Inc.Court of Appeals of Maryland · 1974
- C.T. Massey D/B/A C.T. Massey Oil Company B.W. Lyons Oil Co. v. Exxon Corporation D/B/A Exxon Company, U.S.A.Court of Appeals for the Sixth Circuit · 1991
- West v. National Casualty Co.Indiana Court of Appeals · 1916
- Brewer v. National Surety CorporationCourt of Appeals for the Tenth Circuit · 1948