Mechanicsville Trust & Savings Bank v. Hawkeye-Security Insurance Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• where bank executive embezzled $141,000, but returned $26,000, net insured loss covered under employer’s fidelity bond totaled $115,000
• “The rule is well settled that a principal is responsible for the fraud of his agent if he has entrusted to the agent a matter which puts him in a position to perpetrate the fraud complained of while the agent is executing the transaction within the scope of his employment.”

Source: CourtListener parenthetical corpus (CC0).