Kings, Inc. v. Maryland Casualty Co.

This suit'was brought to recover on a bond, of the schedule type, indemnifying the complainant employer against loss by defalcation, etc., of a listed employee. A demurrer was overruled by the Chancellor and defendant has appealed. The determinative question is one of construction of the contract of indemnity, specifically of the application to be given the word “bond” as it appears in certain context.

Provision is made for adding new employees to the schedule, and for striking out and cancelling coverage of any one or more, from time to time, and determination of liability accordingly. An…