United States Fidelity & Guaranty Co. v. Williams

Citations

• 96 Miss. 10
• 49 So. 742

Syllabus

<p>Insubanoe. Indemnity. Effect of renewal. Employe’s faithfulness-, Bonds.</p> <p>The renewal of a bond guaranteeing an employer against loss through the embezzlement or larceny of an employe is a new bond' and not a continuation of the preceding one, and the liability on each bond is for such-losses as occur during the time it is operative as fixed by its terms.</p>