Security National Bank v. Fidelity & Casualty Co.

STONE, District Judge.

In this action plaintiff seeks to recover the sum of $10,000 from defendant, pursuant to the provisions of a “Bankers Blanket Bond”, executed by defendant and delivered to plaintiff, ■ whereby the defendant undertook and agreed to indemnify and hold harmless the plaintiff from and against any losses sustained by plaintiff by reason of the hazards therein innumerated, one of which, was described in said policy as follows:

“(E) Any loss through the Insured’s having, in good faith and in the course of business, whether for its own account or for the account of others, in any…