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AMERICAN BK. OF COM. v. U.S. FIDELITY & GUAR. CO.

No. 9574.

513 P.2d 1260 (1973)

85 N.M. 478

AMERICAN BANK OF COMMERCE, a Banking corporation, Plaintiff-Appellant, v. UNITED STATES FIDELITY AND GUARANTY COMPANY, a maryland corporation, Defendant-Appellee.

Supreme Court of New Mexico.

Rehearing Denied September 11, 1973.

Attorney(s) appearing for the Case

Grantham, Spann, Sanchez & Rager, Albuquerque, for plaintiff-appellant.

Keleher & McLeod, William K. Stratvert, Albuquerque, for defendant-appellee.

OPINION

McMANUS, Chief Justice.

This is a civil action brought in the District Court of Bernalillo County, New Mexico, to recover on a Bankers' Blanket Bond, issued by the defendant to plaintiff, for losses allegedly sustained by plaintiff as a result of various transactions with Go-Unlimited, Inc., a customer of the bank. After trial on the merits by the court, judgment was entered in favor of the defendant and against the plaintiff whose complaint was...

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