Borg-Warner Acceptance Corp. v. Philco Finance Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• Indemnity pursuant to a contractual indemnification agreement is “payable by one party to another as an indemnity for fees reasonably contracted or incurred, not by one party to the other’s lawyer, either as a debt or a penalty.”

Source: CourtListener parenthetical corpus (CC0).