Standard Accident Insurance v. Mueller

Plaintiff brought suit as assignee of an indemnifying bond signed by certain directors of the Forest Park Trust & Savings Bank running to Albert C. Roos as treasurer and ex oficio township clerk of schools, and upon trial by the court suffered an adverse judgment from which it appeals.

The only defense presented by plea and upon the trial was that the bond sued on was never fully executed because it was agreed that to be effective all of the directors should sign it, and three of the fifteen directors of the Forest Park Bank did not sign it; that it was delivered only conditionally and never…