United Fire & Casualty Co. v. Nissan Motor Corp. in U.S.A.

Opinion by

Mr. Justice Sutton.

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…