Appellate Division of the Supreme Court of the State of New York April 3, 1925 (Harry M. Lasker, Inc. v. National Surety Co.)

Martin, J.:

This action was brought by plaintiff against the defendant to recover the sum of $7,328 and interest on a bond whereby the defendant • agreed “ to indemnify the obligee [plaintiff] from and against any direct loss * * * which the obligee may sustain * * * because of the wrongful act of any motor vehicle dealer in transferring to the obligee, directly or through the maker of any such