[Download] "Indiana University v. Indiana Bonding" by Third District No. 2-1276A 459 Court of Appeals of Indiana ~ eBook PDF Kindle ePub Free
eBook details
- Title: Indiana University v. Indiana Bonding
- Author : Third District No. 2-1276A 459 Court of Appeals of Indiana
- Release Date : January 24, 1981
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 78 KB
Description
MILLER, J. Indiana University (the University) brought this action against the Indiana Bonding & Surety Co. (Indiana Bonding) to enforce the provisions of two performance bonds executed by Indiana Bonding on behalf of Indiana Vendors, Inc. (Vendors). The University had granted Vendors two franchise contracts to place vending machines in buildings on the Bloomington and Indianapolis campuses. Vendors fell behind in its monthly commissions due the University on both contracts and ultimately was declared bankrupt. The University's claim in Bankruptcy Court against Vendors for the past due commissions was allowed in full. After a bench trial of the action appealed herein, the Judge denied recovery on the Bloomington performance bond; however, he found a total liability, including pre-judgment interest, of $19,022.05 on the Indianapolis bond.