This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
Limitations begins to run on the bond of an administrator when the court renders a decree showing the balance due based upon the administrator's report.1 Until his account is filed and acted upon limitations does not run, and his failure to file such account does not set limitations to running in his favor.2 On a guardian's bond limitations runs from the death of the ward, as to the sureties; even though no action can be brought on the bond until the guardian files his final report and this is confirmed.3 Limitations does not begin to run on the bond of a public officer until his term of office, for which such bond was given has expired; even if the wrongful conversion took place some time before.4
20 Wash. 589; 72 Am. St. Rep. 135; 56 Pac. 394.
2 New Orleans v. Warner, 175 U. S. 120; Potter v. New Whatcom. 20 Wash. 589; 72 Am. St. Rep. 135; 56 Pae. 394.
3 Wetmore v. Monona County, 73 la. 88; 34 N. W. 751; Davis v. Simpson, 25 New 123; 83 Am. St. Rep. 570; 58 Pae. 146.
4 Brannon v. White Lake Township, - S. D. - ; 95 N. W. 284.
5 Grayson v. Latham, 84 Ala. 546; 4 So. 200. 866; Wetmore v. Monona County, 73 la. 88; 34 N. W. 751; Hubbell v. South Hutchinson, 64 Kan. 645; 68 Pac. 52; Fernandez v. New Orleans, 46 La. Ann. 1130; 15 So. 378.
6 Potter v. New Whatcom. 20 Wash. 589; 72 Am. St. Rep. 135; 56 Pac. 394.
7 Brown v. Hitchcock, 69 Vt. 197; 37 Atl. 292; Sayers v. Sayers, 90 Va. 755; 19 S. E. 844.
8 Andrews v. Roanoke Building Association & Inv. Co., 98 Va. 445; 36 S. E. 531.
1 Williams v. Flippin, 68 Miss. 680; 24 Am. St. Rep. 297; 10 So. 52; Mortenson v. Bergthold. 64 Neb. 208; 89 N. W. 742.
 
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