HASKEL ENG'G & SUPPLY v. HARTFORD ACC. & INDEM.

Docket No. 51040.

78 Cal.App.3d 371 (1978)

144 Cal. Rptr. 189

HASKEL ENGINEERING & SUPPLY COMPANY, Plaintiff and Respondent, v. HARTFORD ACCIDENT AND INDEMNITY COMPANY, Defendant and Appellant.

Court of Appeals of California, Second District, Division One.

March 8, 1978.


Attorney(s) appearing for the Case

COUNSEL

Belcher, Henzie & Biegenzahn and Stephen R. Hastings for Defendant and Appellant.

Jonas, Fern & Simpson and William J. Beynon for Plaintiff and Respondent.


OPINION

THOMPSON, J.

This appeal from a summary judgment in declaratory relief raises an issue apparently not previously considered in California. (1a) We are required to determine whether, where the obligor on a fidelity bond has fully reimbursed its obligee for loss caused by the embezzlement of an employee, the obligor or the obligee is entitled to increases in value of property acquired by the employee with the embezzled...

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