United States Fidelity & Guaranty Co. v. Hughes

LEWIS, Circuit Judge.

This is an appeal from a judgment for $10,000, the full amount named in a bond in which appellant as surety for William Carl Lauer agreed to indemnify the First National Bank of Kiefer, Oklahoma, Laueris employer, and to “make good and reimhurse to the said employer such pecuniary loss as may be sustained by the employer by reason of the fraud or dishonesty of the said employee in connection with the duties of his office or position, amounting to embezzlement or larceny.” The bond further provided: “That should the employee become guilty of an offense covered by this…