Peavey Co. v. Agri-Services, Inc.

MR. JUSTICE JOHN C. HARRISON

delivered the Opinion of the Court.

In the latter part of 1971, Agri-Services, a public warehouse operation, got into financial difficulties and ceased operations. At that time it owed an undetermined amount for grain purchased and delivered to it. Agri-Services had previously filed the bond required by section 3-228, R.C.M.1947, in the amount of $20,000 with the Montana Department of Agriculture. The bondsman was General Insurance Company of America (hereinafter known as General). The record shows that at least one of the appellants, Peavey Company, on November 18,…