Century Indemnity Co. v. First National Bank of Longview

FANNING, Justice.

Century Indemnity Company, issuer,of a fidelity bond, to, Texas, Bankers Investment Company, paid the investment company for losses sustained by reason of defalcations of Lattimore, local, manager of the investment company at Longview. The indemnity company sued-First National Bank of. Longview, Texas, for $1,000 on a check in, that amount issued by the investment company (by Lattimore, its local manager) payable to said bank. Trial to the court without a jury resulted in a judgment in 'favor of the bank, from which the indemnity company has appealed.

The investment company,…