Employers' Liability Assurance Corp. v. Citizens National Bank of Peru

On September 10,1918, appellant and appellee entered into an indemnity contract whereby appellant obligated itself to pay to appellee such pecuniary loss of money or other personal property as it might sustain, as employer, through the fraud, dishonesty, forgery, embezzlement, wrongful abstraction, misapplication or misappropriation or other dishonest or criminal act of its listed employees, including its cashier Charles M. Charters. On June 18, 1921, a judgment was recovered against appellee and Charles M. Charters, by one John H. Miller, in the sum of $2,000 for money and bonds in the sum…