Insurance Co. of North America v. Lanseair Travel Agency, Inc.

WILKINS, Justice:

Insurance Company of North America (hereafter “INA”) brought action to enforce the provisions of an indemnity agreement. From judgment entered against him by the District Court of Salt Lake County, sitting without a jury, in the amount of $16,286.85, Defendant Preben H. Nielsen appeals.

Defendant Lanseair is a Utah corporation and was organized in 1972 by Preben H. Nielsen, its president and principal stockholder, for the purpose of conducting a travel agency business. Lanseair entered into an agency contract with Air Traffic Conference (hereafter “ATC”), an unincorporated…