General Exchange Ins. Corp. v. Kinney

Opinion op the Court bt

Judge Pulton

Reversing’.

On March. 30, 1937, the appellee, Beulah Kinney,, through her husband, Millard Kinney purchased of E. B. Kendrick, doing business as Kendrick Motor Company in Pikeville, a Pontiac sedan, the cash selling price of which was $947, the purchase being evidenced by a conditional sale contract securing the unpaid- purchase price. The Kendrick Motor Company assigned the contract to General Motors Acceptance Corporation, the assignment guaranteeing the payment of the balance. On the same day the appellant, General Exchange Insurance Corporation, issued a…