Fidelity & Deposit Co. of Maryland v. Bassett

The plaintiff, a surety company, seeks recovery from the defendants upon an indemnity bond executed by them indemnifying the plaintiff against loss it might suffer by reason of it executing a depositary bond as surety with the Grant County Bank as principal, securing deposits in that bank of the funds belonging to Grant county deposited therein by the treasurer of that county. A trial upon the merits in the superior court for Spokane county, sitting without a jury, resulted in findings and judgment awarding to plaintiff recovery as prayed for, from which tbe defendants have appealed to this…