Richartz v. Martins

On or about January 1, 1941, defendant Floyd Martin purchased a new International truck from plaintiffs. On January 9, 1941, defendant General Casualty Company issued a policy of insurance to Martin describing this truck and providing for insurance against public liability, property damage, fire, theft, and tornado. The policy disclosed that the truck was incumbered by a mortgage in favor of Ridgeland Farmers State Bank. In the spring of 1941, Martin had had some trouble with the truck and returned it to plaintiffs for repairs. Since he was hauling milk and could not be without transportation…