Jewel Tea Co. v. Shepard
Supreme Court of Iowa
Appeal from Polk District Court. — Hon. W. S. AyRes, Judge. Action on a surety bond resulted in a directed verdict against the principal, W. A. Shepard, and in favor of the surety, Chas. Bond, and judgment was entered accordingly. The plaintiff appeals.
1Opinion of the CourtLadd, J.
Phincipal AND S UBETY: extent o£ liability of surety: general bond-: construction. The plaintiff is a corporation, with its principal place of business in Chicago, but with branch houses at different places in the country. Its business is that of buying and selling teas, coffees, baking powder, extracts, spices and goods of similar character. Employees are guaranteed a salary of $15 per week and “a further sum equal to ten per cent, on all collections over $150 per week”. All expenses are borne by the company and the employee furnished a horse and wagon and a list of customers to call on once…
2Cases cited1 opinion
- Jenkins v. PhillipsIndiana Court of Appeals · 1897