DANAHY, Judge.
The question before us is whether an individual indemnitor who is not the principal may unilaterally terminate his obligations under an indemnity agreement in favor of a surety which is part of the application for a securities dealer's bond, where the indemnity agreement contains no provision granting a right of termination to the indemnitor but the bond issued on the application contains a provision giving either the surety or the principal the right...
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