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UNITED STATES FIDELITY & GUAR. CO. v. MICHIGAN BK.

No. 1 CA-CIV 2931.

27 Ariz. App. 478 (1976)

556 P.2d 326

UNITED STATES FIDELITY AND GUARANTY COMPANY, a Maryland Corporation, Appellant, v. MICHIGAN BANK, a National Banking Association, Appellee.

Court of Appeals of Arizona, Department B, Division 1.

November 4, 1976.

Attorney(s) appearing for the Case

Moore & Romley by Robert A. Scheffing, Phoenix, for appellant.

Rawlins, Ellis, Burrus & Kiewit by Michael V. Mulchay, Phoenix, for appellee.

OPINION

WREN, Judge.

This appeal seeks an interpretation of the phrase "sales contracts or agreements" contained in A.R.S. § 2-153* which required that aircraft dealers file a bond "conditioned for the faithful performance of all sales contracts or agreements." Aircraft dealer was defined in A.R.S. § 2-151*:

"1. `Aircraft dealer' means any person engaged in the sale or brokerage of...

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