Federal Land Bank v. Fidelity & Deposit Co.

Appellee executed a bond unto appellant by which appellee obligated itself to assure appellant against “any loss that the obligee may sustain by reason of certain attorneys failing faithfully (and/or validly or legally according to law in the respective states) to perform their respective duties in instituting and conducting the foreclosure proceedings in the States of Alabama, Louisiana and Mississippi. . . . This bond shall secure the obligee from loss including necessary attorneys fees and all actual expenses, resulting from defending unsuccessful as well as successful attacks, which may…