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GENERAL ELEC. CREDIT v. UNITED PAC. INS. CO.

A8307-04836; CA A35978.

722 P.2d 15 (1986)

80 Or. App. 129

GENERAL ELECTRIC CREDIT CORPORATION, a foreign corporation, Appellant, v. UNITED PACIFIC INSURANCE COMPANY, a foreign corporation, Respondent.

Court of Appeals of Oregon.

Decided June 18, 1986.

Reconsideration Denied August 8, 1986.

Attorney(s) appearing for the Case

Thomas A. Gerber, Portland, argued the cause and filed the briefs for appellant.

Marvin S. Nepom, Portland, argued the cause and filed the brief for respondent.

Before BUTTLER, P.J., and WARREN and ROSSMAN, JJ.

ROSSMAN, Judge.

This is an appeal from a judgment dismissing plaintiff's complaint with prejudice. Plaintiff alleged two causes of action to recover on a motor vehicle dealer surety bond, one to recover $15,000 for losses sustained in 1981 and a second to recover $14,898 for 1982. Defendant successfully asserted that there was but one continuing bond and that defendant's liability was fully discharged by payment of the bond limit, $15,000, to another prior lien claimant...

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