[DOWNLOAD] "United Fire & Casualty Co. v. Nissan Motor Corp." by Colorado Supreme Court # eBook PDF Kindle ePub Free

March 22, 2021

eBook details

Title: United Fire & Casualty Co. v. Nissan Motor Corp.
Author : Colorado Supreme Court
Release Date : January 09, 1967
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 64 KB

Description

Nissan Motor Corporation, an importer and distributor of Datsun automobiles, is a California company qualified to do business in Colorado. It brought suit against Clyde R. McKnight, a former Denver Datsun automobile dealer and United Fire and Casualty Co. as surety for McKnight. The record discloses that United had issued McKnight three surety bonds each in the amount of $5,000 which bonds were in effect during the period in question from January 13, 1961 to June 30, 1963. These bonds indemnified all persons, firms, and corporations dealing with McKnight against any loss suffered by reason of his fraud, fraudulent representations or violations of the provisions of C.R.S. 53, 13-11 -- the latter section being entitled "Right of action for loss by fraud-process." The bonds also ensured payment of any judgment obtained against McKnight for such acts or violations. The surety appeared by counsel who also filed an answer on behalf of McKnight.