If one to whom goods have been entrusted as bailee, breaks the bulk and appropriates the same or any part of them with intent to steal, he is guilty of larceny, but not so if he should take the entire package or bulk without breaking it. His act of breaking terminates the bailment, thereby reducing him to a mere custodian of the goods. Before the breaking he had not only the custody but lawful possession also.32

If the bailee by any wrongful act terminates the contract of bailment and converts the property or any part of it to his own use, he will be guilty of larceny as bailee.33