Hough v. Ætna Life Insurance
Illinois Supreme Court
Appeal from the Superior Court of Chicago; the Hon. William A. Portee, Judge, presiding.
1Opinion of the CourtJustice Thornton
Wallis, as principal, and appellant, as his surety, executed the bond sued on, with the condition annexed, that Wallis, as a local agent of the company, would pay over all moneys received by him, less his commissions.
Raymond, for whose benefit the suit was brought, was the general agent of the insurance company, and, by his contract, was bound to pay over all moneys received in the general management of the affairs of the company; and had paid, before suit, the amount of the defalcation of Wallis, who was bound to make monthly returns; and when he failed to pay the money, he gave to Raymond…
2Cases cited1 opinion
- White v. WalkerIllinois Supreme Court · 1863
3Cited by25 opinions
- Bank of Antigo v. Union Trust Co.Illinois Supreme Court · 1894
- Thompson v. Connecticut Mutual Life InsuranceIndiana Supreme Court · 1894
- American National Bank & Trust Co. v. Weyerhaeuser Co.Court of Appeals for the Seventh Circuit · 1982
- Ohio National Life Insurance v. Board of EducationIllinois Supreme Court · 1944
- American National Bank and Trust Company of Chicago, Cross-Appellee v. Weyerhaeuser Company, Third-Party and Counter-Defendant- Cross-Appellant v. The First Jersey National Bank, Third-Party and Counter-PlaintiffCourt of Appeals for the First Circuit · 1982
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