TODD, Justice.
Appellant, Walter J. Paul, made application to the Transamerica Insurance Group (Transamerica) and was issued a wholesale produce dealer's performance bond, representing that he was the owner of a small cheese company. In fact, Paul's son-in-law was the company's owner-operator. The company subsequently became insolvent, and the surety was forced to pay the entire face value of the bond toward suppliers' claims against the cheese company. The surety...
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