Montana A.F. Corp. v. Federal Surety Co.

The act or acts committed by Weekes did not amount to larceny or embezzlement. The bond has been so drafted, skillfully and in the light of the decisions, as to cover only those acts which amount to one of the crimes named, as distinguished from the use of the term "larceny" and "embezzlement" in a broad sense, covering any fraudulent appropriation of the property of the employer, though it may not amount to a crime. (Guarantee Co. v. Mechanics' Sav. Bank T. Co., 100 Fed. 559, 40 C.C.A. 542;Williams v. United States F. G. Co., 105 Md. 490,66 A. 495; Farmers State Bank v. Title Guaranty T.…