Kansas Flour Mills Co. v. American Surety Co.

Citations

• 98 Kan. 618
• 158 P. 1118
• 1916 Kan. LEXIS 144

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>Indemnity — Bond—Innocent Mistake Not Included. A surety bond indemnifying a principal against loss sustained by “any act or acts of fraud, dishonesty, forgery, theft, embezzlement, wrongful abstraction or misapplication” on the part of an agent, does not extend to a loss occasioned by a simple mistake of the agent made without fraud in paying for merchandise which he had authority to buy.</p>