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RHODE ISLAND HOSP. TRUST NAT. BANK v. OHIO CAS. INS.

Civ. A. No. 82-0274-B.

613 F.Supp. 1197 (1985)

RHODE ISLAND HOSPITAL TRUST NATIONAL BANK, Plaintiff, v. The OHIO CASUALTY INSURANCE COMPANY, Defendant.

United States District Court, D. Rhode Island.

July 26, 1985.

Attorney(s) appearing for the Case

Gordon P. Cleary, George Vetter, Vetter & White, Providence, R.I., for plaintiff.

Barbara S. Cohen, Levy, Goodman, Semonoff & Gorin, Providence, R.I., for defendant; Louis J. Burnett, Simpson, Moran & Burnett, Birmingham, Mich., of counsel.

OPINION

FRANCIS J. BOYLE, Chief Judge.

The Plaintiff, Rhode Island Hospital Trust National Bank ("The Bank"), seeks payment as assignee of two bonds issued by the Defendant, Ohio Casualty Insurance Company ("Ohio"), in the total amount of $675,000. The bonds were issued to secure payment for wood burning stoves ordered from Franklin Cast Products, ("Franklin Cast"), a Rhode Island Corporation, by its distributor, Franklin-America, Inc., ("Franklin-America...

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