Western Surety Co. v. Redding

MAUGHAN, Chief Justice:

Plaintiff, a corporate surety, initiated this action to recover $2,550.00, the sum paid under a Motor Vehicle Dealers Bond to the vendee of a stolen car purchased from Red-ding Auto Sales. The parties entered into a stipulation of facts, and each moved for summary judgment. The trial court granted plaintiff’s motion, and defendants appeal therefrom. The judgment of the trial court is affirmed. All statutory references are to Utah Code Annotated 1953, as amended.

The parties stipulated that defendants were engaged in the business of automobile sales in Salt Lake City,…