1. Home
  2. Browse Decisions
  3. A.D.2d
  4. 228 A.D.2d
  5. 228 A.D.2d 338 (1996)
 

CHEM. BANK v. EQUITY HOLDING CORP.

228 A.D.2d 338 (1996)

644 N.Y.S.2d 709

Chemical Bank, Respondent, v. Equity Holding Corp. et al., Appellants and Third-Party Plaintiffs-Appellants. Indemnity Insurance Company of North America, Now Known as Cigna, Third-Party Defendant-Respondent

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

June 20, 1996

In 1985, Indemnity issued a performance bond to defendants, the principals of a construction firm, for the performance of renovations on a brownstone in Brooklyn; defendants, in turn, secured the bond with a $100,000 certificate of deposit ("the CD") assigned to Indemnity and issued an undated sight draft allowing Indemnity to draw on the CD. The CD was held at Chemical Bank. A series of disputes arose over the performance of the renovations which culminated in a judgment...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases