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United States Fid. & Guar. Co. v. Wooldridge, 268 U.S. 234 (1925)
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General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
United States Fid. & Guar. Co. v. Wooldridge, 268 U.S. 234 (1925)
United States Fidelity & Guaranty Company v. Wooldridge No. 352 Argued April 29, 1925 Decided May 11, 1925 268 U.S. 234
ERROR TO THE CIRCUIT COURT OF APPEALS
FOR THE FIFTH CIRCUIT
Syllabus
1. Where a guaranty company executed a bond guaranteeing the fidelity of the president of a national bank, and another to a depositor of the bank insuring payment of deposit, and the bank thereafter became insolvent through the fraud of the president and the guarantor paid the depositor and took an assignment of the depositor’s claim against the bank with approval of the bank’s receiver, held that this claim could not be set-off by the guarantor as assignee or subrogee in an action by the receiver upon the bond first mentioned. P. 237.
2. The doctrine of relation is a legal fiction invented to promote justice, and never allowed to defeat the collateral rights of third persons. Id.
295 F. 847 affirmed.
Error to a judgment of the circuit court of appeals affirming a judgment of the district court in favor of the receiver of a national bank in an action against the surety of one of its officers.
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Chicago:
U.S. Supreme Court, "Syllabus," United States Fid. & Guar. Co. v. Wooldridge, 268 U.S. 234 (1925) in 268 U.S. 234 268 U.S. 236. Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=ED142PHG6VDBL2K.
MLA:
U.S. Supreme Court. "Syllabus." United States Fid. & Guar. Co. v. Wooldridge, 268 U.S. 234 (1925), in 268 U.S. 234, page 268 U.S. 236. Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=ED142PHG6VDBL2K.
Harvard:
U.S. Supreme Court, 'Syllabus' in United States Fid. & Guar. Co. v. Wooldridge, 268 U.S. 234 (1925). cited in 1925, 268 U.S. 234, pp.268 U.S. 236. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=ED142PHG6VDBL2K.
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