Los Angeles Athletic Club v. United States Fidelity & Guaranty Co.

This action was brought to. recover on a bond or policy of fidelity insurance. The plaintiff employed one Walter L. Patterson as manager of its clubhouse at a salary of three hundred dollars per month, with the express agreement “that he was to receive no other remuneration, perquisites, or consideration,” and “that he should pay the customary price or charge so fixed by plaintiff for every article of said goods, wares, and merchandise said Patterson should receive for himself and use to his own benefit”; and further, “that he was not, under any circumstances, to take, use, or receive for his…