Title Guaranty & Surety Co. v. Turnes

Appellate Court of Illinois

Title Guaranty & Surety Co. v. Turnes

182 Ill. App. 23

CourtAppellate Court of Illinois

DecidedOctober 9, 1913

DocketGen. No. 17,959

StatusPublished

This text of 182 Ill. App. 23 (Title Guaranty & Surety Co. v. Turnes) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Title Guaranty & Surety Co. v. Turnes, 182 Ill. App. 23 (Ill. Ct. App. 1913).

Pincite

Opinion

Mr. Presiding Justice McSurely

delivered the opinion of the court.

3. Corporations, § 305*—when judgment not res adjudicata on question of officer’s liability. Judgment against a pretended corporation on its bond is not res adjudicata on question who is liable on a contract executed by its officer in the name of the corporation to indemnify a surety on the bond. 4. Indemnity, § 8*-—words in contract construed. In a contract to indemnify a surety on a bond bearing a date subsequent to that of the contract, the words “by reason of its having executed said bond’’ refer to a future time when surety may sustain loss.

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Mr. Presiding Justice McSurely

delivered the opinion of the court.

3. Corporations, § 305*—when judgment not res adjudicata on question of officer’s liability. Judgment against a pretended corporation on its bond is not res adjudicata on question who is liable on a contract executed by its officer in the name of the corporation to indemnify a surety on the bond. 4. Indemnity, § 8*-—words in contract construed. In a contract to indemnify a surety on a bond bearing a date subsequent to that of the contract, the words “by reason of its having executed said bond’’ refer to a future time when surety may sustain loss.

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Bluebook (online)

182 Ill. App. 23, Counsel Stack Legal Research, https://law.counselstack.com/opinion/title-guaranty-surety-co-v-turnes-illappct-1913.