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AMERICAN MOTORISTS INSURANCE COMPANY v. TRANS INTERNATIONAL CORP.

265 A.D.2d 280 (1999)

696 N.Y.S.2d 186

AMERICAN MOTORISTS INSURANCE COMPANY, Appellant, v. TRANS INTERNATIONAL CORP., Doing Business as MANHATTAN ELECTRIC INDUSTRIES, Respondent.

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

Decided October 4, 1999.

Ordered that the order is affirmed insofar as appealed from, with costs.

Pursuant to an indemnity agreement executed by the defendant, Trans International Corp., d/b/a/ Manhattan Electric Industries (hereinafter Manhattan), an import/export firm, the plaintiff/surety, American Motorists Insurance Company (hereinafter AMICO), posted a $100,000 bond to guarantee Manhattan's compliance with the regulatory and statutory requirements of the United States Customs Service...

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