Insurance Co. of North America v. Cliff Pettit Motors, Inc.

OPINION

W. M. LEECH, Special Justice.

This is a case of multiple conversions in which a stolen automobile was ultimately bought by a bona fide purchaser for value and then accidently wrecked. This action was initiated by the Insurance Company of North America (hereinafter, INA), the original insuror of the automobile in question, to have the rights of the various parties through whose hands the automobile passed adjudicated.

Under the proof and stipulated facts of this case it is undisputed that on September 29, 1970, a 1970 Oldsmobile Tornado belonging to Joe Marlow, and insured by INA, was…