United States F. & G. Co. v. First Nat. Bank of Ft. Morgan

Opinion by

Mr. Justice Moore.

We will refer to plaintiff in error as Guaranty Co. and to defendant in error as the Bank.

The action was commenced by the Bank against Guaranty Co. and the prayer of the complaint was that judgment enter in favor of the Bank for the sum of $2,604.71 allegedly due under the terms of a bond issued to it by Guaranty Co. This bond covered the Bank (among other matters not here pertinent) against the following losses:

“(E) Any loss through the Insured’s having, in good faith and in the course of business whether for its own account or for the account of others, in any…