Allstate Insurance Co. v. Furr

JOY, Justice.

Suit for breach of sales contract for failure to perform in part. From judgment for plaintiff, defendant appealed.

On June 2, 1965, a tornado struck the town of Hale Center, Texas causing serious injury to both property and person. Fisher Ford Sales, an authorized Ford dealer, suffered damage in varying degrees to 56 Ford vehicles. Allstate, defendant here, was insurer of the vehicles to Ford Motor Credit Company, the lending company that had advanced the purchase money for the vehicles to Fisher Ford Sales, a practice commonly referred to in the industry as “floor planning”.…