Legal Opinion
American Surety Co. v. First Nat. Bank
Court of Appeals for the Fourth Circuit
Decided March 9, 1944No. 5191PublishedCited by 16 opinions
1Opinion of the Court
PARKER, Circuit Judge.
This is an appeal from a judgment for defendant in an action instituted against a bank to recover on account of loss of funds of a bankrupt estate misappropriated by a trustee in bankruptcy. Plaintiff is the surety on the trustee’s bond and holds by assignment all rights of the bankrupt estate as against the bank. The bank, which was not a designated depository of bankruptcy funds, allowed the trustee to deposit to his individual account certain checks belonging to the bankrupt estate and withdraw the fund so created by checks given for personal purposes. It also…
2Cases cited40 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- D'Oench, Duhme & Co. v. Federal Deposit InsuranceSupreme Court of the United States · 1942
- Clearfield Trust Co. v. United StatesSupreme Court of the United States · 1943
- Board of Comm'rs of Jackson Cty. v. United StatesSupreme Court of the United States · 1939
- Sola Electric Co. v. Jefferson Electric Co.Supreme Court of the United States · 1942
35 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Bowles v. Farmers Nat. Bank of Lebanon, Ky.Court of Appeals for the Sixth Circuit · 1945
- Blankenship v. BoyleDistrict Court, District of Columbia · 1971
- A/s J. Ludwig Mowinckels Rederi v. Accinanto, LimitedCourt of Appeals for the Fourth Circuit · 1952
- In Re Quantum Development CorporationDistrict Court, Virgin Islands · 1975
- Marvin K. Woods v. The Bank of New York, and the 44 Wall Street Fund, Inc.Court of Appeals for the Second Circuit · 1986
11 more not listed; retrieve them via the Exa API.