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Remedies Keyed to Tabb, 8th
G & M Motor Co. v. Thompson
Citation:
567 P.2d 80 (1977)Facts
A. Wayne Thompson worked as an accountant for G & M Motor Company from January 1, 1968, until his death on August 2, 1970. During this employment period, Thompson embezzled a total of $78,856.45 from the motor company. Thompson used a portion of these embezzled funds to pay premiums on various life insurance policies that insured his own life. Upon Thompson’s death, the insurance proceeds were paid to his surviving wife, Shirley Thompson, and child, who were named as beneficiaries on the policies. The motor company sought to recover its losses by requesting the trial court to impress a constructive trust upon various items of real and personal property, as well as a portion of the life insurance proceeds that were in the possession of the surviving wife and child.
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