Edward Terry Sanford

“ And the case having been taken to the Circuit Court of Appeals on a writ of error, it has certified to us, in effect, the questions whether a surety bond executed on Form 738-after Form 1408 had been prescribed-is a forfeiture bond entitling the United States to recover the full amount named on a breach of its condition, or an indemnity bond merely. ”

“ Lederer, while conceding this claim, interposed a counterclaim for $2,000 on the surety bond, the full amount of which, he insisted, had become due to the United States by reason of the breach of condition. ”