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FARGO NAT. BANK v. AGRICULTURAL INS. CO.

No. 14158.

184 F.2d 676 (1950)

FARGO NAT. BANK v. AGRICULTURAL INS. CO.

United States Court of Appeals Eighth Circuit.

November 1, 1950.

Attorney(s) appearing for the Case

J. F. X. Conmy, Fargo, N. D., for appellant.

Daniel F. Foley, Minneapolis, Minn., for appellee.

Before SANBORN and THOMAS, Circuit Judges, and DEWEY, District Judge.

DEWEY, District Judge.

This is an action by the above named bank against The Agricultural Insurance Company to recover a loss to the bank of $21,055.02, on the ground that the state agent of the insurance company, Mr. Robert Ellis, perpetrated a fraud on the bank through the sale to the bank of forged premium finance contracts which it is claimed was within the scope of his actual or ostensible authority.

At the close of the evidence, the Court directed the...

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