Collier v. General Exchange Ins. Corp.

— This is an appeal from a judgment of the superior court of Cochise County. The case was submitted to the court on an agreed statement of facts, which we summarize as follows:

In 1937 one William B. Urquhart purchased from the Southern Arizona Auto Company, called the dealer, a new automobile on a conditional sales contract, and at the same time secured the usual insurance policy which auto dealers require when a car is sold under such a contract. The policy expressly insured the dealer, its assignee General Motors Acceptance Corporation, called the GMAC, and Urquhart, as their interest…