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G E CREDIT CORP. v. WOLVERINE INS. CO.

Docket No. 54213.

120 Mich. App. 227 (1982)

327 N.W.2d 449

GENERAL ELECTRIC CREDIT CORPORATION v. WOLVERINE INSURANCE COMPANY

Michigan Court of Appeals.

Decided October 6, 1982.

Attorney(s) appearing for the Case

Louis P. Labbe, for plaintiff.

Jenkins, Nystrom & Sterlacci, P.C. (by Jeannette A. Paskin), for defendant Wolverine Insurance Company.

Before: CYNAR, P.J., and BRONSON and J.R. ERNST, JJ.

PER CURIAM.

Defendant Wolverine Insurance Company (Wolverine) appeals of right from a summary judgment entered in favor of plaintiff, General Electric Credit Corporation, holding Wolverine liable under the terms of certain surety bonds.

In November, 1976, plaintiff and Number One Mobile Homes, Inc. (Number One), entered into a floor plan arrangement for the purpose of financing Number One's inventory. Pursuant to this agreement, plaintiff advanced loans to...

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