Chandler-Frates & Reitz v. Kostich

HODGES, Justice.

The issue on appeal is whether a judgment has become dormant pursuant to 12 O.S.1971 § 7351 for failure to issue execution on it within five years of the last execution. The appellee, Chandler-Frates & Reitz, an insurance agency, paid insurance premiums on behalf of the appellant, Walter Kostich, d/b/a/ Rivair Flying Service, a fixed aircraft base operator. After Kostich failed to reimburse the agency for the premiums, on January 5,1972, the agency obtained a $4,395.67 judgment against him, together with interest at the rate of ten percent per annum from August 1, 1968, and…