Great point and example JAE. This is probably on the checklist for PEMBs, which is a popular building type for the example you described. And their calcs often look like what Toad was talking about, I can barely ever understand them for doing foundation design. It can take an hour to find the stinkin' worse case, which for base plate bolt design on a PEMB may be one of these cases we may not normally check, as JAE explained.
I think we are all thinking for your average box-like structure, low rise, with tilt or CMU walls, the side wall pressures usually do not come into play...