Montana Auto Finance Corp. v. Federal Surety Co.

Samuel M. Weekes was employed by plaintiff as its secretary and treasurer. Defendant, by its bond duly executed and delivered, on June 12, 1923, undertook to reimburse plaintiff “for such pecuniary loss as the employer [plaintiff] shall sustain of money, * # * belonging to the employer for which the employer is responsible, amounting to any act or acts of larceny or embezzlement on the part of the employee,” etc. The bond was effective for one year. On June 10, 1924, in consideration of an additional premium, it was renewed and extended until June 20, 1925.

This action was brought to recover…