Auerbach Co. v. Key Security Police, Inc.

DURHAM, Justice.

By this appeal Guaranty National Insurance Company (“Guaranty National”), appellant and garnishee, seeks reversal of the judgment against it as insurer of Key Security Police, Inc. (“Key Security”), judgment debtor, in favor of Auerbach Company (“Auerbach”), respondent and garnish- or. Guaranty National contends: (1) the policy between Key Security and Guaranty National excludes coverage for property in the care, custody and control of the insured; (2) the statute of limitations is a complete bar to recovery by either Key Security or Auerbach; (3) Auerbach has no standing to…