(DOWNLOAD) "Western Surety Co. v. Loy" by Court of Appeals of Kansas " Book PDF Kindle ePub Free
eBook details
- Title: Western Surety Co. v. Loy
- Author : Court of Appeals of Kansas
- Release Date : January 04, 1979
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 56 KB
Description
This is a subrogation action by the plaintiff, Western Surety Company, for recovery of money paid under an official county treasurer's bond. The defendant, Mike Loy, a certified public accountant, was employed by Crawford County during the years 1969 through 1973 to audit certain county offices, including the office of the then-County Treasurer, Gene E. Masterson. During the same period, Western provided statutory surety bonds for the Crawford County Treasurer, Gene E. Masterson. Masterson misappropriated $5,626.11 in calendar year 1969, $25,714.63 in 1970, $15,640.92 in 1971, $9,757.39 in 1972, and $2,760.35 in 1973, a total of $59,499.40. Under the terms of its bonds, Western was required to pay Crawford County for the losses incurred in 1970 through 1973. State, ex rel., v. Masterson, 221 Kan. 540, 561 P.2d 796 (1977). This subrogation action seeks to recover the money paid to Crawford County by Western on the theory that Loy was negligent and that he both expressly and impliedly agreed to perform the audits in accordance with the Minimum Standard [3 Kan. App. 2d 311]