William Halsted, Respondents v. Globe Indemnity Company, Appellant, and Peter G. Gerry, as Executors…

Summary

The Court held that the transfer of the leased premises to a corporation wholly owned by the lessor's heirs did not constitute a "sale" within the lease and bond, so the surety bond was not cancelled and the securities were not to be returned. Accordingly, the judgment dismissing the plaintiffs' claim was affirmed.