Majority
Headnote
Undertaking.—Fidelity and, Casualty Co.The competency of the Fidelity and Casualty Company of New York, to guarantee undertakings required or permitted by law, has been already passed upon by the supreme court at general term, in the first and second departments, which have formulated rules upon the subject (Matter of Filer, 11 Abb. N. C. 107 , and cases cited in note).
The sufficiency and legality of a guarantee by such company, and its binding force has been heretofore sanctioned by this court, as it has been by the surrogate and city court. The rules of the supreme court were founded upon an examination as to the status and powers of this corporation under the statute. Our examination of the
Concurrence
Arthur R. JRohertson, for appellant.
Moore, Lowe & Sandford, for respondent.
concurred on the ground that the company’s justification in this case was sufficient.
Order appealed from affirmed, with costs and disbursements of the appeal.