McDonald v. North River Insurance

This action was brought by respondent to recover upon a policy of insurance. The complaint alleges the purchase of an automobile from Folts Motor Car Company by respondent, as part payment for which he executed a title-retaining note for $1,500, which contained the following provision:

“I agree to fully insure said motor car against fire and theft for the benefit of said company, paying the expense thereof, and making policy payable to said company as their interest may appear. In case the said insurance is not procured as above provided then the said company may at its option, obtain such…