Liberty National Bank v. Aetna Life & Casualty Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a blanket bond insures a bank against losses arising from loan documents that are counterfeited or forged, but does not assume the risk for the truth of the documents
• worthless certificates of deposit were not counterfeit under Bankers Blanket Bond because they were issued by entity chartered as a foreign bank but which had no assets, and thus loss occurred because the CD’s implicitly misrepresented facts of amounts available to issuing bank

Source: CourtListener parenthetical corpus (CC0).