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CITICORP HOMEOWNERS, INC. v. WESTERN SUR. CO.

No. 2 CA-CIV 4029.

131 Ariz. 334 (1981)

641 P.2d 248

CITICORP HOMEOWNERS, INC., a Delaware corporation, Plaintiff/Appellee, v. WESTERN SURETY COMPANY, a South Dakota corporation, Defendant/Appellant.

Court of Appeals of Arizona, Division 2.

Rehearing Denied January 27, 1982.

Review Denied February 23, 1982.

Attorney(s) appearing for the Case

Robbins & Green, P.A. by Jill H. Grossman, Phoenix, for plaintiff/appellee.

Fish, Briney, Duffield, Miller, Young & Adamson, P.C. by Richard Duffield, Tucson, for defendant/appellant.

OPINION

HOWARD, Judge.

The sole question on this appeal is whether Citicorp (CHI), an inventory financier that loaned money to a mobile home dealer, North American Homes, Inc., was entitled to recover from Western Surety, the dealer's surety, against the dealer's motor vehicle dealer license bond. On Citicorp's motion for summary judgment, the trial court ruled in its favor and the surety appealed. We affirm.

Citicorp loaned money to North American...

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