Commonwealth Bonding & Casualty Ins. v. Reynolds
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; E. K. Skinner, Judge. Action by the Commonwealth Bonding & Casualty Insurance Company of Phoenix, Ariz., against Hampden Reynolds and others. From judgment for defendants, plaintiff appeals.
1Opinion of the Court
On Motion to Dismiss.
PROVOSTY, J.
The defendant having a contract with the Sewerage and Water Board, and the plaintiff being surety on said contract, these two entered into an agreement with the Hibernia Bank & Trust Company, by which all money accruing to the defendant under said contract should be deposited in the said bank to the credit of a special account, and not to be withdrawn without the counter signature of the plaintiff. The bank having allowed the defendant to deposit $16,000 of said money to his personal account, instead of requiring it to be deposited to the special account, the…
2Cases cited1 opinion
- Dreiske v. People's Lumber Co.Appellate Court of Illinois · 1903