Massachusetts Bonding & Insurance v. Bank of Aurora

We will hereinafter refer to plaintiff in error as the bonding company, and to defendant in error as the bank.

The bank, as plaintiff in the trial court, brought this action against the bonding company and one Dodge. The complaint consisted of eight separate claims which were for damages alleged to have been sustained by the bank as a result of frauds committed by Dodge. It alleged liability of the bonding company for payment of damages for the reason that said company had issued a surety bond conditioned that Dodge would conduct his business as a motor vehicle dealer without fraud or…