Bridge
Bridge v. New Amsterdam Casualty Co.
Opinion
Lead Opinion
Houser, J.
The defendants Cochran, Seanor and Shafer were partners engaged in the business of furnishing so-called criminal bail bonds executed by the defendant New Amsterdam Casualty Company. Broadly speaking, and without reference to either the details contained in, or the legal consequences arising from, the provisions of a written agreement which was in force between the partnership and the bond company,—based upon the fact that the partnership had deposited with the bond company certain collateral as security to indemnify it from any loss that might ensue therefrom, it was understood that the partnership had authority to “fill in” blank bonds which theretofore had been “executed” by the bond company. Also, presumably acting within the provisions of said agreement, in seeking indemnity from possible loss on account of a bond in the sum of $5,000 executed, or to be executed, in behalf of a person accused of the commission of a criminal offense, the partnership induced plaintiff in the instant action to execute a bond of indemnity in favor of the bond company, and at the same time to execute in favor of the partnership a promissory note in the sum- of $6,000, the payment of which being…