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COBB v. AMERICAN BONDING CO. OF BALTIMORE

No. 9609.

118 F.2d 643 (1941)

COBB et al. v. AMERICAN BONDING CO. OF BALTIMORE.

Circuit Court of Appeals, Fifth Circuit.

April 2, 1941.

Attorney(s) appearing for the Case

H. J. Bernard and King C. Haynie, both of Houston, Tex., for appellants.

Newton Gresham, of Houston, Tex., for appellee.

Before FOSTER, HUTCHESON, and McCORD, Circuit Judges.

McCORD, Circuit Judge.

A. D. Cobb, Jr., and A. D. Cobb, Sr., owned and operated a chain of retail liquor stores in Houston, Texas. On July 1, 1938, the American Bonding Company of Baltimore issued its "Blanket Position Bond" insuring the Cobbs against any loss of money or property through fraud, theft, or any other dishonest act or acts of an employee or employees. By the terms of the contract recovery was to be allowed for "that part of any inventory shortage which...

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