Michael v. Merchants Mutual Bonding Co.

UHLENHOPP, Justice.

This appeal involves the question of the liability of a surety on a warehouseman’s bond. Other appeals involving the same bond are Avoca State Bank v. Merchants Mut. Bonding Co., 251 N.W.2d 533 (Iowa), and True v. Merchants Mut. Bonding Co., 251 N.W.2d 543 (Iowa).

The facts involving the principal on the bond, Claude W. Myler, are set out in the Avoca State Bank case. Plaintiff Harry Michael is an accountant who also operates a farm. Between December 16 and 22, 1971, he delivered 14,070.3 bushels of wet corn to Myler’s elevator. The parties are in dispute as to whether…