Universal Credit Co. v. Service Fire Insurance

Universal Credit Company, suing for the use of Clarence Lewallen, brought suit against Service Fire Insurance Company of New York, alleging substantially as follows: Previ ously to July 1, 1941, Clarence Lewallen purchased from a named person a certain described automobile as to which such third person-held a policy insuring against collision damage, with a $50 deductible clause, loss, if any, to be adjusted with the assured, though to be paid, subject to all the conditions named in the policy, only to the Universal Credit Company for the account of all interests. The policy was duly…