Supreme Court of South Carolina June 8, 1934, 13863 (C.C. Pearce Co. v. American Surety Co. of N.Y.)

The opinion of the Court was delivered by

Mr. W. C. Cothran, Acting Associate Justice:

Raymond L. Moore was employed by C. C. Pearce & Co. as a collector and, according to his employer, was short in his accounts to the extent of $491.85. For its protection against all manner of shortages, Pearce & Co. took out an indemnity bond with the American Surety Company of New York in the sum of $2,500.00.