Legal Opinion
Fidelity & Deposit Co. v. Bank of Bladenboro
Court of Appeals for the Fourth Circuit
Decided April 20, 1979No. 78-1221PublishedCited by 1 opinion
1Opinion of the Court
WINTER, Circuit Judge:
Clarendon Bank & Trust Company (CB&T) recovered from its insurer Fidelity & Deposit Company of Maryland (F&D) losses that CB&T sustained when it permitted its depositor Car Retailers to draw on drafts deposited to its account which were subsequently dishonored because the authority of the agent to draw them had been *634revoked. Clarendon Bank & Trust v. Fidelity & Deposit Co. of Md., 406 F.Supp. 1161 (E.D.Va.1975). F&D, having paid the losses and having been subrogated to CB&T’s rights, sued various banks which had participated in the collection process asserting that their…
2Cases cited5 opinions
- Stevens v. Howard D. Johnson Co.Court of Appeals for the Fourth Circuit · 1950
- Evelyn Edmondson Bland v. Norfolk and Southern Railroad Company, IncorporatedCourt of Appeals for the Fourth Circuit · 1969
- Clarendon Bank & Trust v. Fid. & Deposit Co. of Md.District Court, E.D. Virginia · 1975
- Wilhelm Foods, Inc. v. National Bank of No. Amer.District Court, S.D. New York · 1974
- E. G. Allen and Nationwide Mutual Insurance Company v. New York Central Railroad CompanyCourt of Appeals for the Sixth Circuit · 1968
3Cited by1 opinion
- Fidelity And Deposit Company Of Maryland v. The Bank Of BladenboroCourt of Appeals for the Fourth Circuit · 1979