General Motors Acceptance Corp. v. Allstate Insurance

The facts involved in this submission seem to be of first impression. This action was instituted by the plaintiff to recover from the defendant insurance company an amount representing the balance due the plaintiff from one Eugene Slaughter, Jr. pursuant to a retail installment contract signed by the latter, which contract was in turn transferred to the plaintiff for value.

It is conceded that on March 11, 1969, the plaintiff filed a financing statement with the Clerk of the County of Suffolk covering a motor vehicle owned by one Eugene Slaughter,. Jr. It is also conceded that by virtue of…