Travelers Fire Ins. Co. v. Bank of Louisville

STANLEY, Commissioner.

Under the principle of estoppel to deny agency, the judgment imposes liability upon the appellant under a parol contract of fire insurance on a motor vehicle. The tenuous character of the grounds of liability is thus indicated.

The Bank of Louisville had agreed to accept a note secured by mortgage on a tractor-truck purchased by Woolett and Koehler from a Louisville vendor. It required that the machine be insured in its favor in the 'Sum of $2,000 against loss by fire or collision. A. J. Marmor, who was engaged in the insurance business in Louisville, happened to be in…