Tarrant Land Co. v. Palmetto Fire Ins. Co.

A bill in equity was filed in this case, seeking subrogation based on the following facts: A policy of fire insurance was issued by appellee to one Casey. Casey later executed a mortgage on the property to a company named in the bill as the Fidelitj7 Building & Loan Association, whereupon a “New York standard mortgage clause was attached to said policy of insurance in favor of” said loan company. Afterward said Casey executed to one Harper a lease sale or conditional sale contract for the sale of the property, a copy of which is attached, and the policy was duly transferred and assigned to…