{
  "id": 8627644,
  "name": "W. J. SHUFORD, Receiver of the \"Y. & B. CORPORATION,\" v. J. A. YARBOROUGH and EAGLE INDEMNITY CO.",
  "name_abbreviation": "Shuford v. Yarborough",
  "decision_date": "1929-05-01",
  "docket_number": "",
  "first_page": "150",
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  "last_updated": "2023-07-14T16:27:44.780576+00:00",
  "provenance": {
    "date_added": "2019-08-29",
    "source": "Harvard",
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  "casebody": {
    "judges": [],
    "parties": [
      "W. J. SHUFORD, Receiver of the \u201cY. & B. CORPORATION,\u201d v. J. A. YARBOROUGH and EAGLE INDEMNITY CO."
    ],
    "opinions": [
      {
        "text": "Stacy, O. J.\nThe demurrer was properly overruled on both grounds. C. S., 507 and annotations.\nA \u201cdefect of parties\u201d applies to necessary parties, and not to unnecessary ones. Winders v. Hill, 141 N. C., 694, 54 S. E., 440.\nIt is not a misjoinder of parties and causes for the receiver of a corporation to sue its president and treasurer for wrongfully abstracting and misappropriating funds of the corporation and at the same time join as party defendant his surety or the guarantor of his honesty and fidelity. Carswell v. Talley, 192 N. C., 37, 133 S. E., 181; Robinson v. Williams, 189 N. C., 256, 126 S. E., 621; Chemical Co. v. Floyd, 158 N. C., 455, 74 S. E., 465; S. v. Bank, 193 N. C., 524, 137 S. E., 593.\nThe case of Clark v. Bonsal, 157 N. C., 270, 72 S. E., 954, is not in point, for there the contract between the defendants was one of strict indemnity against \u201closs actually paid.\u201d The allegations of the present complaint are to the effect that the defendant, Eagle Indemnity Company, \u201cguarantees the fidelity of the president and treasurer of the Y. & B. Corporation in the sum of $10,000, . . . and agrees to make good any loss sustained by reason of his dishonesty, theft or wrongful abstraction,\u201d etc., and that loss has already been sustained within the terms of the contract of guaranty.\nAffirmed.",
        "type": "majority",
        "author": "Stacy, O. J."
      }
    ],
    "attorneys": [
      "Preston & Boss and F. B. Cline for plaintiff.",
      "Wade H. Williams and Fred B. Helms for defendants."
    ],
    "corrections": "",
    "head_matter": "W. J. SHUFORD, Receiver of the \u201cY. & B. CORPORATION,\u201d v. J. A. YARBOROUGH and EAGLE INDEMNITY CO.\n(Filed 1 May, 1929.)\n1. Pleadings D b \u2014 Joinder of unnecessary parties not demurrable.\nA demurrer for defect of parties and causes of action will not be sustained where the defect alleged relates to parties not necessary to the proper determination of the action.\n2. Same \u2014 ^Joinder of defaulting officer and surety on his bond is proper under facts of this case.\nA suit by the receiver of a corporation against its defaulting officer and the surety or guarantor for his honesty or fidelity is not objectionable as a misjoinder of parties and causes of action, the alleged default of the principal having occurred that created the surety\u2019s liability within the terms and conditions of its bond. Olarh v. Bonsai, 157 N. G., 270, in which the indemnity was against \u201closs actually paid\u201d cited and distinguished.\nAppeal by defendants from Stack, J., at March Term, 1929, of Mecklenbubg.\nCivil action by plaintiff, receiver, to recover of J. A. Yarborough $60,625.84, moneys alleged to have been unlawfully abstracted and. misappropriated by him while acting as president and treasurer of the Y. & B. Corporation, and to hold the Eagle Indemnity Company liable for said defalcations to the extent of $10,000 on its written guaranty of the fidelity of said officer.\nA demurrer was interposed chiefly upon the grounds (1) of an alleged defect of parties, and (2) of an alleged misjoinder, both of parties and of causes of action.\n\u2022 From a judgment overruling the demurrer, the defendants appeal, assigning errors.\nPreston & Boss and F. B. Cline for plaintiff.\nWade H. Williams and Fred B. Helms for defendants."
  },
  "file_name": "0150-01",
  "first_page_order": 214,
  "last_page_order": 215
}