American Surety Co. v. McKiearnan

Defendant admits in the stipulation of facts that while acting as an agent of the American Express Company, either he or his agents or employees, is'sued money orders between November 6,1934, and November 12, 1934, totaling $768.96 for which defendant did not account to the express company, although the amount of such indebtedness was subsequently reduced to $517.96. But it is not admitted in the stipulation that such indebtedness was an act of “wrongful abstraction” rather than a mere debt. Plaintiff - had executed a fidelity bond to the American Express Company on behalf of defendant and it…