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SOUTHSIDE MOTOR CO. v. TRANSAMERICA INS. CO.

No. OO-460.

380 So.2d 470 (1980)

SOUTHSIDE MOTOR COMPANY, Appellant, v. TRANSAMERICA INSURANCE COMPANY, a Foreign Insurance Company, Appellee.

District Court of Appeal of Florida, First District.

Rehearing Denied March 12, 1980.

Attorney(s) appearing for the Case

Douglas P. McClurg, of Mahoney, Hadlow & Adams, Jacksonville, for appellant.

Claude K. Slater, of Slater & Randle, Jacksonville, for appellee.

ERVIN, Judge.

Southside Motor Company appeals the trial court's Final Order of Dismissal holding that Southside had suffered no "loss" because of fraudulent acts of its employees which were covered by either of two employee fidelity bonds with Transamerica Insurance Company and that the bonds did not define the terms "loss of money, securities and other property" ambiguously. Following the sale of a truck by Southside's employees to Mr. and Mrs. Padgett, the parties...

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