American Indemnity Co. v. Baldwin Motor Co.

In August, 1927, the Baldwin Motor Company sold a secondhand automobile to Albon Harrison for the sum of $1.442.-42, to be paid thereafter in installments. Harrison executed a mortgage on the automobile to secure the deferred payments. Upon an application made by the Baldwin Motor Company, a policy of insurance was issued by the plaintiff in error, insuring the owner of the automobile against loss by fire. The policy contained a provision which made the loss, if any, payable to the Baldwin Motor Company as mortgagee. While the policy was in force the automobile was destroyed by fire. After…