Liverpool & London & Globe Ins. v. Crosby

MOORMAN, Circuit Judge.

The appellee was appointed receiver for Reed & Duecker, Inc., under a creditors’ bill. There came into his possession as receiver a quantity of wire rope belonging to John A. Roebling’s Sons Company. Continuing to operate the business of the firm, he entered into an agreement with the Roebling Company to handle its rope, then on hand and thereafter to be shipped, on consignment. He was to be paid for his services on a commission basis, and he agreed to insure the rope against loss or damage by fire. Pursuant to this agreement he entered into contracts of insurance with…