Appellate Court of Illinois, 1913

Title Guaranty & Surety Co. v. Turnes

Appellate Court of Illinois · Decided October 9, 1913 · McSurely

182 Ill. App. 23

Opinion of the Court

Mr. Presiding Justice McSurely

delivered the opinion of the court.

3. Corporations, § 305*—when judgment not res adjudicata on question of officer’s liability. Judgment against a pretended corporation on its bond is not res adjudicata on question who is liable on a contract executed by its officer in the name of the corporation to indemnify a surety on the bond. 4. Indemnity, § 8*-—words in contract construed. In a contract to indemnify a surety on a bond bearing a date subsequent to that of the contract, the words “by reason of its having executed said bond’’ refer to a future time when surety may sustain loss.

Case-law data current through December 31, 2025. Source: CourtListener bulk data.