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EXCHANGE MUT. INS. CO. v. OLSEN

655 S.W.2d 938 (1983)

EXCHANGE MUTUAL INSURANCE CO., Plaintiff-Appellant, v. Martha B. OLSEN, Commissioner of Revenue, Defendant-Appellee.

Supreme Court of Tennessee.

August 22, 1983.

Attorney(s) appearing for the Case

Gary S. Rubenstein, Nashville, for plaintiff-appellant.

Charles L. Lewis, Asst. Atty. Gen., Nashville (William M. Leech, Jr., Atty. Gen. and Reporter, Nashville, of counsel), for defendant-appellee.

OPINION

DROWOTA, Justice.

The Plaintiff, Exchange Mutual Insurance Company, appeals from an adverse judgment in the Chancery Court. On September 12, 1980, the Plaintiff issued its surety bond in favor of the state of Tennessee for taxes "connected with the sale of alcoholic beverages for consumption on the premises accruing against the principal [Printers Alley Entertainment, Inc., d/b/a Jerry Lee Lewis Printers Alley Showroom]." According to the terms of...

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