National Bank v. Fidelity & Casualty Co.

DOBIE, Circuit Judge.

This is an appeal from a directed verdict for defendant-appellee in a civil action brought by plaintiff-appellant for the recovery of $7,797.58, with interest, under the terms of a Bankers’ Blanket Indemnity Bond executed and delivered by defendant to the plaintiff bank on November 1, 1936.

By the terms of this bond the defendant agreed to indemnify the plaintiff against any direct loss sustained by plaintiff, while the bond was in force, of any money or securities, in which the plaintiff had a pecuniary interest in an amount not exceeding $50,000, through any dishonest…