OPINION AND ORDER
RYAN, Chief Judge.
I. FACTS & PROCEDURE
On or about December 1, 1979, plaintiff in the above-entitled case, as surety, and 7-20 Cattle Company (7-20), as principal, executed a livestock dealer's license bond pursuant to the Packers and Stockyard Act (Act), 7 U.S.C. §§ 181, et seq. Under the bond, persons selling livestock to 7-20 were essentially assured of payment for all livestock delivered without having...
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