Royal Indemnity Co. v. Beiseker
Court of Appeals for the Eighth Circuit
In Error to the District Court of the United States for the District of North Dakota; Robert E- Lewis, Judge. Action by A. N. Beiseker against the Royal Indemnity Company. There was a judgment for plaintiff, and defendant brings error.
1Opinion of the Court
STONE, Circuit Judge.
From a recovery on an indemnity bond securing to' Beiseker payment of three certificates of deposit issued to him by the First International Bank of South Bend, Wash., the company sues its writ of error.
*347The loss is undisputed, but the company challenges liability on the grounds: (a) That the bank paid the certificates covered by the bond with a draft which was accepted in payment, and the loss is really for dishonor of the draft which is not covered by the bond; (b) negligent delay in and careless method of presentation of the certificates for payment.
[1] (a) The…
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