White & Bollard, Inc. v. Standard Accident Insurance

This is an action brought by the plaintiff, White & Bollard, Inc., against defendant, Standard Accident Insurance Company, upon a fidelity bond. From a judgment in favor of the defendant, entered upon a directed verdict, the plaintiff appeals.

On June 18, 1931, the respondent executed and delivered to appellant a fidelity bond covering certain of its employees, including Mrs. Edna P. Jacobson, its cashier. Under the terms of the bond, the respondent agreed to pay to the appellant the amount of any pecuniary loss it might sustain, not exceeding five thousand dollars, through any act of fraud,…