Poynter v. Smith

Opinion op the Court by

Sims, Commissioner

— Reversing.

On June 30, 1928, the defendant, Beecher Smith, signed as surety a guardian’s bond for $2,000 executed by Mrs. Lula B. Sears as principal guaranteeing her faithful discharge of the trust as the guardian of her two infant children, who were then six and four years of age. The record shows that on Aug. 4, 1928, Mrs. Sears deposited to her credit as such guardian in the First National Bank of Somerset two checks aggregating $1,990.92, representing the two infants’ interest in the proceeds of a life insurance policy on their deceased father.…