[DOWNLOAD] "Dennis Dillon Oldsmobile v. Frank T." by Court of Appeals of Utah ~ Book PDF Kindle ePub Free
eBook details
- Title: Dennis Dillon Oldsmobile v. Frank T.
- Author : Court of Appeals of Utah
- Release Date : January 20, 1983
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 61 KB
Description
DURHAM, Justice: This action involves two cases which were consolidated on appeal, each of which requires a determination of the nature and extent of a suretys liability under a motor vehicle dealers bond issued pursuant to U.C.A., 1953, 41-3-16(1). In Dennis Dillon Oldsmobile, GMC, Inc. v. Zdunich (the "Dillon" case), the trial court held that there was no aggregate limitation on the suretys liability on the bond, finding instead that the suretys potential liability was a maximum of $20,000 per claim. In American Manufacturers Mutual v. Resort Campers, Ltd. (the "AMM" case), the trial court held that the suretys aggregate liability was limited to $20,000 for all claims arising in a specific annual period, commencing with the bonds issuance and continuing thereafter with each annual renewal of the bond. We affirm the judgment of the trial court in the Dillon case and reverse that in the AMM case.