99 A. 295 | N.H. | 1916
Notice to the principal defendant of the pendency of the action was essential. King v. Holmes,
The further contention of the trustee, that it cannot be charged *283
with interest on the $5,000 indemnity from the date of the judgment in the original action, cannot be sustained. In the performance of its contract of indemnity, it assumed the defense of that suit and became bound by the judgment rendered therein. It was an active and interested party in the determination of the defendant's liability to the plaintiff; and the judgment established the fact of its liability under its contract of indemnity. Hunt v. Haven,
The practical as well as the legal effect of the trial was that the judgment rendered upon the verdict was that the indemnitor's liability was established, limited only by the provision that it should not exceed $5,000. All the elements of a judgment for that sum were present, and it thereupon became the duty of the assurance company to pay that sum to the assured or to the plaintiff as upon a judgment.
The question, therefore, whether the trustee is to be charged for interest upon that sum, subsequent to the rendition of the judgment, does not depend upon or require a construction of the contract, but is solved by the law on that subject as applied to judgments. The contract was merged in the judgment. By s. 9, c. 231, P. S., it is provided that: "Interest is payable on executions in civil actions from the time of judgment rendered." And it has been the uninterrupted practice in this state for more than eighty years to allow interest on judgments until they are paid. Mahurin v. Bickford,
Case discharged.
All concurred. *284