Murray v. Federal Motor Truck Sales Corp.

The defendant sold a truck to the complainant, part of the purchase price being paid in a cash equivalent, and for the balance of the purchase price notes were given and title was retained to secure the payment of said notes.

An insurance policy was taken out protecting the interests of both vendor and vendee in the truck. While in use by the vendee the truck was seriously damaged in an accident and it was brought to the vendor's place for repairs. Insurance was collected covering the amount of the estimated damages to the vehicle and the vendor appropriated this insurance and applied it on…