First National Bank of Crandon v. United States Fidelity & Guaranty Co.
Wisconsin Supreme Court
Appeal from a judgment of tbe circuit court for Marathón county: A. H. Reid, Circuit Judge. On September 28, 1909, tbe defendant for a valuable consideration executed and delivered to tbe plaintiff its contract of indemnity whereby it agreed as follows: “That it will, at tbe expiration of three months after proofs of loss shall have been furnished to the company, pay to the employer the amount of any loss or damage that shall happen to the employer in respect to any funds,…
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Appeal from a judgment of tbe circuit court for Marathón county: A. H. Reid, Circuit Judge. On September 28, 1909, tbe defendant for a valuable consideration executed and delivered to tbe plaintiff its contract of indemnity whereby it agreed as follows: “That it will, at tbe expiration of three months after proofs of loss shall have been furnished to the company, pay to the employer the amount of any loss or damage that shall happen to the employer in respect to any funds, property, or estate belonging to or in the custody of the employer, through the dishonesty of any of the employees, or…
1Opinion of the Court
BaR,Nes, J.
1. It is urged that the bond in this case was forfeited by reason of the fact that the employee Eidsmoe was promoted from the position of assistant cashier to that of’ cashier during its continuance, without notice to the defendant. The point is not well taken for two reasons. First, because the bond provides that “the employer may, at any time, transfer any and every employee for whom the company is . . . bound hereunder, from one position to another, and shift any employee about at pleasure without notice to the company, and the company shall be and remain liable to the…
2Cases cited12 opinions
- American Surety Company v. PaulySupreme Court of the United States · 1898
- Fidelity & Deposit Co. v. CourtneySupreme Court of the United States · 1902
- LaRose v. Logansport National BankIndiana Supreme Court · 1885
- United States Fidelity & Guaranty Co. v. First National Bank of DundeeIllinois Supreme Court · 1908
- Queenan v. PalmerIllinois Supreme Court · 1886
7 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Fitchburg Savings Bank v. Massachusetts Bonding & InsuranceMassachusetts Supreme Judicial Court · 1931
- First National Bank of Manitowoc, Plaintiff-Appellee/cross-Appellant v. Cincinnati Insurance Company, Defendant-Appellant/cross-AppelleeCourt of Appeals for the First Circuit · 2007
- First National Bank of Columbus v. HansenWisconsin Supreme Court · 1978
- Builders Lumber & Supply Co. v. Chicago Bonding & Surety Co.Wisconsin Supreme Court · 1918
- Tri City National Bank v. Federal InsuranceCourt of Appeals of Wisconsin · 2003
21 more not listed; retrieve them via the Exa API.