National Surety Corp. v. Laughlin

On September 20, 1932, E. L. Jayne was appointed administrator of the estate of Wesley Cooper, deceased, and the National Surety Company became surety on his bond in the sum of $6,000. On or about November 14, 1933, as administrator, Jayne received $5,847, the proceeds of a war risk insurance policy on the life of the said Wesley Cooper, deceased. Without an order of the court, or lawful authority, the entire $5,847, with the exception of $152.51, was disbursed by Jayne prior to April 29, 1933, and subsequent to that date the balance, except 4 cents, was disbursed by him. The evidence herein…