Automobile Fraud: 10.11.1.2 Settlement with Financially Shaky Defendants
The requirements for collection under the dealer’s bond should be kept in mind during settlement if the dealer is at all shaky financially. Is a finding of fraud or a violation of the motor vehicle laws necessary in order to recover against the bond?674 Will such a finding be more likely to be recognized by the bonding company if it is entered by the court after evidence has been presented?