
    National Bank of Pakistan, Plaintiff, v Saeed A. Basham et al., Defendants. National Bank of Pakistan, Respondent, v Fireman’s Fund Insurance Company, Defendant-Appellant and Third-Party Plaintiff. Saeed A. Basham et al., Third-Party Defendants.
    Argued March 22, 1989;
    decided April 27, 1989
    
      APPEARANCES OF COUNSEL
    
      William P. Sullivan, Jr., and Jeffrey M. Winn for appellant.
    
      Richard S. Last for respondent.
    
      Jerome Murray and Robert G. Post for Surety Association of America, amicus curiae.
    
   OPINION OF THE COURT

Order affirmed, with costs, and certified question answered in the affirmative for the reasons stated in the memorandum of the Appellate Division (142 AD2d 532).

Concur: Chief Judge Wachtler and Judges Simons, Alexander, Titone, Hancock, Jr., and Bellacosa. Taking no part: Judge Kaye.  