New York Court of Appeals

James P. Conner, Executors v. William Reeves, Impleaded

November 23, 1886103 N.Y. 527

Summary

The Court affirmed the judgment, holding that a covenant of indemnity against the recovery of a judgment is breached the moment a judgment is recovered, even when the judgment is entered by consent, and that the sureties are bound absent proof of fraud or collusion.