Badley v. Towle

HATHAWAY, Judge.

Badley brought an action against Towle, to recover for watermelons which he allegedly consigned to Towle, and took a de*322fault judgment. Badley’s action against New York Underwriters Insurance Company was based on Towle’s produce “dealer’s” bond, purportedly executed in accordance with the provisions of A.R.S. § 3-493, subsec. A, which provides :

“Before a license shall be issued to a commission merchant or agent, the applicant shall execute and deliver to the supervisor a surety bond satisfactory to him in the sum of five thousand dollars executed by the applicant as principal…