Fidelity & Deposit Co. v. Merchants' & Marine Bank

The appellee sued the appellant on an employees' fidelity bond and also the defaulting employees. The decree awarded judgments against the employees and also the appellant, who executed the bond. The appeal is by the appellant, the surety, only.

The case presented by the record, in so far as is necessary for an understanding of the questions decided, is, in substance, as follows:

On the 28th day of December, 1928, the appellant executed and delivered to the Merchants' Marine Bank of Pascagoula, Mississippi, a schedule employees' fidelity bond insuring the fidelity of certain officers and…