L. B. Price Mercantile Co. v. Redd

Legge, Justice.

Respondent employed one Walter M. Carver as collector and salesman from October 22, 1954, to February 9, 1955. In connection with Carver’s employment, the appellant, under date October 6, 1954, executed and delivered to respondent an “Indemnity Agreement” reading as follows:

“Mr. Walter Mathew Carver (herein called applicant) has applied to the L. B. Price Mercantile Co. for a position as collector. General Casualty Company of America has agreed to issue a bond covering any shortage by dishonesty for which the applicant may be responsible, provided that a property owner or…