Jorgensen v. Aetna Casualty & Surety Co.

ZIMMERMAN, Justice:

Defendant Aetna Casualty & Surety Company (“Aetna”) appeals a final order holding Aetna liable to plaintiff Neil Jor-gensen for the principal sum of $60,337.68 and interest accrued after April, 1984. We affirm.

*810Defendant John Clay & Company (“Clay”)1 is a livestock dealer. Clay agreed to purchase some of Jorgensen’s sheep and, as required by the federal Packers and Stockyards Act, had purchased a broker’s bond from Aetna. See 7 U.S.C. §§ 201, 204 (1982). Under the bond’s terms, Aetna agreed to act as surety for Clay in its dealings as a broker with third parties up to the…