Case ID: ny_241/html/0574-01.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

The City of New York, Respondent, v. National Surety Company, Appellant.
    
      Surety bonds — undertaking — interest — liability of surety on undertaking on appeal to pay interest on judgment from date of entry.
    
    
      City of New York v. Nat. Surety Co., 214 App. Div. 705, affirmed.
    (Argued October 29, 1925;
    decided December 1, 1925.)
    Appeal from a judgment of the Appellate Division of the Supreme Court in the first judicial department, entered May 13, 1925, which affirmed a judgment in favor of plaintiff entered upon an order of Special Term granting a motion by plaintiff for summary judgment. The action was to recover on a surety bond given as undertaking on appeal and providing for payment of “ the sum recovered or directed to be paid by the judgment,” and “ all costs and damages * * * not exceeding Five Hundred Dollars.” The question was whether defendant was obligated to pay interest on the amount of the judgment from the date of its entry, the defendant contending that it was not liable to pay interest thereon between the dates of entry of the judgment and ten days subsequent to the service upon the surety company of formal notice of affirmance.
    
      Harrison Tweed, George Welwood Murray and Otey McClellan for appellant.
    
      George P. Nicholson, Corporation Counsel {John F. O’Brien, Henry J. Shields and Isaac F. Cohen of counsel), for respondent.
   Judgment affirmed, with costs; no opinion.

Concur: Hiscock, Ch. J., Cardozo, Pound, McLaughlin, Crane, Andrews and Lehman, JJ.