Michigan Bankers' Ass'n v. Ocean Accident & Guarantee Corp.

Plaintiff sued defendant, the surety on the bond of plaintiff’s treasurer, Paul R. Baldwin, to recover $34,471.17, alleging Baldwin was its treasurer from July 1, 1931, to April 20, 1932, charged with custody and control of plaintiff’s funds. Plaintiff claimed in its declaration its treasurer, Baldwin, gave the bond sued upon, upon which defendant was surety, to pay plaintiff such pecuniary loss as plaintiff should sustain by reason of “any act or acts of fraud, dishonesty, forgery, theft, larceny, embezzle ment, misappropriation, wrongful abstraction, wilful misapplication or any other…