United States Fidelity & Guaranty Co. v. Bank of Batesville
Supreme Court of Arkansas
Appeal from Independence Chancery Court; George T. Humphries, Chancellor; STATEMENT BY THE COURT. This suit was originally brought in the Independence Circuit Court by appellee. against appellants to recover on a fidelity bond written .by the United Scates Fidelity & Guaranty Company, hereinafter called “Guaranty Company,” agreeing to indemnify the Bank of Batesville against loss by reason of' any act of fraud or dishonesty amounting to larceny or embezzlement on the part of…
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Appeal from Independence Chancery Court; George T. Humphries, Chancellor; STATEMENT BY THE COURT. This suit was originally brought in the Independence Circuit Court by appellee. against appellants to recover on a fidelity bond written .by the United Scates Fidelity & Guaranty Company, hereinafter called “Guaranty Company,” agreeing to indemnify the Bank of Batesville against loss by reason of' any act of fraud or dishonesty amounting to larceny or embezzlement on the part of its employee, Matt. R. Smith. The Fidelity & Deposit Company of Maryland was security upon the bond of said Guaranty…
1Opinion of the Court
Hart, J.,
(after stating the facts). The bond sued on is one of indemnity. Among other recitals not material here, the agreement is that the surety shall “make good and reimburse to the employer all and any pecuniary loss sustained by the employer of money, securities or other personal property in the possession of the employee, or for the possession of which he is responsible, by any act of fraud or dishonesty on the part of said employee in the discharge of the duties of his office or position as as set forth in said statement referred to, amounting to larceny or embezzlement.”
' A subsequent…
2Cases cited6 opinions
- American Bonding Co. v. MorrowSupreme Court of Arkansas · 1906
- United States Fidelity & Guaranty Co. v. Egg Shippers' Strawboard & Filler Co.Court of Appeals for the Eighth Circuit · 1906
- Williams v. United States Fidelity & Guaranty Co.Court of Appeals of Maryland · 1907
- Monongahela Coal Co. v. Fidelity & Deposit Co. of MarylandCourt of Appeals for the Fifth Circuit · 1899
- Reed v. Fidelity & Casualty Co.Supreme Court of Pennsylvania · 1899
1 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Citizens' Guaranty State Bank of Hutchins v. National Surety Co.Texas Commission of Appeals · 1924
- Holcomb v. American Surety CompanySupreme Court of Arkansas · 1931
- Securities & Exchange Commission v. Arkansas Loan & Thrift Corp.District Court, W.D. Arkansas · 1969
- Curran & Treadaway, Inc. v. American Bonding Co.Supreme Court of Louisiana · 1939
- Union Indemnity Co. v. Forgey & HansonSupreme Court of Arkansas · 1927
11 more not listed; retrieve them via the Exa API.