Treasurer & Receiver General v. Massachusetts Bonding & Insurance

Gerald Carpenter was engaged in operating a collection agency in Randolph under the name and style of “Randolph Bureau of Recovery.” On August 2, 1957, Carpenter as principal and Massachusetts Bonding and Insurance Company (Bonding) as surety executed and delivered to the State Treasurer the bond required by G. L. c. 93, §§ 24-28. The bond was in the amount of $5,000. The condition of it was that Carpenter ‘ ‘ shall upon written demand, render a true and complete account to the person, partnership, association or corporation from whom any account, bill or indebtedness is taken for collection,…