Glens Falls Indemnity Company v. National Floor & Supply Company

TUTTLE, Circuit Judge.

This is an appeal from a final judgment for appellees on an employee’s position bond in which, in its brief, appellant says: “Appellant agreed to indemnify the appellee for any loss of money on-other property which the appellee sustained through any fraudulent or dishonest act committed by an employee of appellee.” It is not clear whether the recovery here was based on loss of “money or other property” or an “inventory shortage.” The policy provisions as to> inventory shortage require “conclusive” proof of its having been caused by fraud or dishonesty. 1 However,…