American Bonding Co. v. Spokane Building & Loan Soc.
Court of Appeals for the Ninth Circuit
In Error to the Circuit Court of the United States for the Eastern Division of the District of Washington. This is an action upon a policy of fidelity insurance issued by the American Bonding & Trust Company of Baltimore City to the defendant in error, the Spokane Building & Loan Society, a corporation of Spokane, Wash.
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In Error to the Circuit Court of the United States for the Eastern Division of the District of Washington. This is an action upon a policy of fidelity insurance issued by the American Bonding & Trust Company of Baltimore City to the defendant in error, the Spokane Building & Loan Society, a corporation of Spokane, Wash. The bond was in the sum of $3,000, dated January 17, 1902, and insured the defendant in error against loss through the embezzlement of its secretary, R. L. Bogardus, for a term of one year. After the execution of the policy, the plaintiff in error changed its corporate name to…
1Opinion of the CourtHaweey, District Judge
The answer to the first question propounded by plaintiff in error depends upon whether or not the alleged knowledge of the president, under all the facts and circumstances of this case, can be imputed to the corporation defendant. The principles of law applicable to this question depend upon the particular facts of the given case, the character of the business of the corporation, the methods by which its business is conducted, the duties of its officers, etc. In the present case the *740defaulting secretary is shown by the record to be the chief managing officer of the corporation. He collected…
2Cases cited13 opinions
- United States v. KirkpatrickSupreme Court of the United States · 1824
- American Surety Company v. PaulySupreme Court of the United States · 1898
- Travellers' Insurance v. McConkeySupreme Court of the United States · 1888
- National Bank v. Insurance Co.Supreme Court of the United States · 1878
- MINOR v. the Mechanics Bank of AlexandriaSupreme Court of the United States · 1828
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3Cited by9 opinions
- Phoenix Indemnity Co. v. Union Finance Co.Supreme Court of Florida · 1951
- Peurifoy, Rec'r v. LoyalSupreme Court of South Carolina · 1930
- Hunter v. United States Fidelity & Guaranty Co.Tennessee Supreme Court · 1914
- Southern Surety Co. v. Tyler & Simpson Co.Supreme Court of Oklahoma · 1911
- Poultry Producers' Union v. WilliamsWashington Supreme Court · 1910
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