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NATIONAL BANK v. FIDELITY & CASUALTY CO.

No. 4877.

125 F.2d 920 (1942)

NATIONAL BANK OF BURLINGTON v. FIDELITY & CASUALTY CO. OF NEW YORK.

Circuit Court of Appeals, Fourth Circuit.

February 12, 1942.

Attorney(s) appearing for the Case

E. S. W. Dameron, of Burlington, N. C. (Claiborne Young, of Burlington, N. C., on the brief), for appellant.

Armistead W. Sapp, of Greensboro, N. C. (Oscar L. Sapp and J. O. Atkinson, Jr., both of Greensboro, N. C., on the brief), for appellee.

Before PARKER, SOPER, and DOBIE, Circuit Judges.

DOBIE, Circuit Judge.

This is an appeal from a directed verdict for defendant-appellee in a civil action brought by plaintiff-appellant for the recovery of $7,797.58, with interest, under the terms of a Bankers' Blanket Indemnity Bond executed and delivered by defendant to the plaintiff bank on November 1, 1936.

By the terms of this bond the defendant agreed to indemnify the plaintiff against any direct loss sustained by plaintiff, while the bond was in force...

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