Insurance - Supreme Court Review
Loading...
Authors
Issue Date
1975
Type
Journal Article
Language
Keywords
Alternative Title
Abstract
FIRST PARAGRAPH(S)|The case of KAMI Kountry Broadcasting Co. v. United States Fidelity and Guaranty Co. concerned a loss under an employee's fidelity bond.|Under the terms of the bond involved, the defendant agreed 'to insure KAMI against "'any loss of money or any other property which the insured shall sustain... through any fraudulent or dishonest act or acts committed by any of the employees, acting alone or in collusion with others, while in any position at any location in the service of the insured..." The employee involved forged the company president's signature to get a loan from the First National Bank of Cozad. The bank was a major advertiser on KAMI and threatened to withdraw its advertising if the station did not repay the loan. As a result, KAMI repaid the loan with interest and brought action on the fidelity bond to recover the amount it had paid out...
Description
Citation
8 Creighton L. Rev. 156 (1974-1975)
Publisher
Creighton University School of Law