Camden Fire Insurance v. Harold E. Clayton & Co.

This case is before us on application for writ of error. The opinion of the Court of Civil Appeals is published in 298 S. W., 451.

Camden Fire Insurance Association issued a policy to M. H. Hines covering an automobile in the amount of $325. Hines owed $340.72 on the car, represented by twelve notes, each and all of which were "secured by a valid chattel mortgage on the car * * * which notes and mortgage were in favor of and payable to Harold E. Clayton & Company.” The policy sued on showed that the property was encumbered, and the amount of the encumbrance, represented by twelve notes. It…