Royal Zenith Corporation v. Citizens Publications, Inc.

UHLENHOPP, Justice.

The problem presented by this case is whether a seller of goods under conditional sale contract is entitled to recover the price from the buyer after the goods have been destroyed by fire while in the buyer’s possession and the seller has received insurance proceeds from its own insurer. See also State v. Rees, 258 Iowa 813, 139 N.W.2d 406; Preferred Investment Co. v. Westbrook, 174 N.W.2d 391 (Iowa).

Royal Zenith Corporation imports machinery from Europe and sells it in America. In April 1963 it bought a blanket policy from Switzerland General Insurance Company covering…