William Flaccus Oak Leather Co. v. Ocean Accident & Guarantee Co.

Opinion by

Mr. Justice Linn,

In this action on a credit insurance policy, jury trial was waived and judgment for $2,600.01 was entered for the plaintiff. Both parties have appealed, the plaintiff claiming a larger sum. Two insured accounts are in volved, one referred to as the Leather account and the other as the Boyt account. The insurance was $25,000 on each account. The term was from January 17, 1930, to January 16,1931. In the Leather account (a conventional insolvency resulting from appointment of a creditors’ committee) 2 the dispute about the amount payable grows out of the fact that…