Oliver Wendell Holmes, Jr., United States Fidelity Guaranty Company v…
“ We will assume that if the Railway Company had insured the honesty of the Bank's officers the Bank might have offset the obligation of the company against its claim as a depositor. But it is impossible to treat the succession of the defendant to the Railway Company's claim as effecting such an absolute identification with the Railway Company that one and the same person insured the Bank and made the deposits. The doctrine of relation 'is a legal fiction invented to promote the ends of justice. ”
