Legal Opinion
Federal Surety Co. v. Union Indemnity Co.
Tennessee Supreme Court
Decided December 15, 1930PublishedCited by 6 opinions
1Opinion of the CourtJustice MoKinney
■ Hunter, as trustee of Hamilton county, executed an official bond in the sum of $300,000, with the two above-named companies as sureties. The liability of the Federal Company was limited to $125,000 and that of the Union Company to $175,000'; and in the event of loss the liability of the sureties was to be in proportion to the aforesaid indemnity.
Cliff, as Hunter’s assistant, executed a bond to him in the sum of $5,000 with the Union Company as surety. Hunter misappropriated $10,000 and Cliff $5,000'. The State and county recovered $15,000 on the Hunter bond; that is, $6,250 against the…
2Cases cited3 opinions
- Dixon v. MorganTennessee Supreme Court · 1926
- Fecheimer-Keifer Co. v. BurtonTennessee Supreme Court · 1913
- Knaffle v. Knoxville Banking & Trust Co.Tennessee Supreme Court · 1913
3Cited by6 opinions
- Sunwest Bank of Roswell, N.A. v. Miller's Performance Warehouse, Inc.New Mexico Supreme Court · 1991
- Stone & Webster Engineering Corp. v. Hamilton Nat. Bank, for Use and Benefit of Employers' Liability Assur. Corp., LimitedCourt of Appeals for the Sixth Circuit · 1952
- Hudson v. Chandler & Co.Court of Appeals of Tennessee · 1932
- Kathy Gardenhire v. Real Estate Inspection ServiceCourt of Appeals of Tennessee · 2003
- State Ex Rel. Robertson v. First State Bank of RipleyCourt of Appeals of Tennessee · 1935
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