MAGGIO v. ABSTRACT TITLE & MORTGAGE CORP.


277 A.D. 940 (1950)

Charles I. Maggio et al., Appellants, v. Abstract Title & Mortgage Corporation, Respondent

Appellate Division of the Supreme Court of the State of New York, Fourth Department.

July 13, 1950.


Judgment and order affirmed, with costs.

Memorandum:

We think that there was ample evidence to sustain the finding of the trial court that the plaintiffs did not rely upon the tax search and suffered no loss, the risk of which they did not assume. We deem it proper to point out that a tax search whether labelled "guaranteed" or not is not an instrument similar in nature to a policy of title insurance and that the obligations of one differ from the obligations...

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