Fink v. Stallings 601 Sales, Inc.

ARNOLD, Judge.

Defendant Citicorp contends it is a “purchaser” under G.S. 20-288(e) and thereby entitled to indemnity from North River Insurance Company, the surety on Stallings’ motor vehicle dealer’s bond, for recovery of the $11,245.50 balance due from Stallings on the 1979 Honey motor home.

The statute in question provides in part:

Any purchaser of a motor vehicle who shall have suffered any loss or damage by any act of a motor vehicle dealer that constitutes a violation of this Article shall have the right to institute an action to recover against such motor vehicle dealer and the surety.…