Minneapolis Auto Auction, Ltd. v. Spicer Auto Sales, Inc.

OPINION

FOLEY, Judge.

Minneapolis Auto Auction, Ltd., Alamo Rent-A-Car, Inc. and Mid-State Auto Auction appeal from a summary judgment granted in favor of respondent Tri-State Insurance Company of Minnesota. 1 TriState is the corporate surety on a $25,000 license bond posted by respondent Spicer Auto Sales, Inc.

All plaintiffs and interpleading defendants lost money in transactions with Spicer. All sought recovery from the license bond. The trial court allowed all claims against the bond except for the claims of Minneapolis Auto Auction, Alamo and Mid-State. 2 The trial court determined that…