Court of Appeals for the Ninth Circuit August 3, 1925, No. 4473 (Fidelity & Deposit Co. v. Robinson)

RUDKIN, Circuit Judge.

The question presented by the present writ of error is this: May a surety company offset liabilities incurred by it as surety for a national bank against a claim by tho receiver of the bank after insolvency, on a bond given by the surety company to indemnify the bank against loss sustained through the fraud or dishonesty of an employee?