New York Court of Appeals
Schuler-Haas Electric Company, Respondent v. Aetna Casualty & Surety Co., Appellant. Donald A. Hoffend…
October 19, 197640 N.Y.2d 883
Summary
The Court of Appeals affirmed the Appellate Division’s construction of the payment bond, holding that no extrinsic evidence was admissible to resolve any alleged ambiguity and that the occurrence of the payment‑triggering event fixes only the time for payment, not a substantive condition of liability.