Glens Falls Indemnity Co. v. Gottlieb

(After stating the foregoing facts.) 1. The defendant contends in grounds 10 and 11 of its demurrer that the petition failed to set out a cause of action and showed on its face that the plaintiff was not entitled to recover. The fidelity bond executed by the defendant company to the plaintiff obligated the defendant to pay to the plaintiff such pecuniary loss, not exceeding $5000, as the plaintiff might sustain by any act or acts of larceny or embezzlement committed by plaintiff’s employee, William Ross Bass, in his capacity as salesman while the bond was in force. The petition alleged that…