McCoy v. St. Paul Fire & Marine Insurance

1. Whore the vendor of personal property held under a conditional sale delivered the property to another person under an agreement whereby the latter was to pay the remaining installments of the purchase-money due to the original vendor and also a certain sum to such vendee, and in the event of default the amounts paid up to that time *587were to be retained as rental of the property and no interest whatever was to vest in the person who thus assumed to make such payments until he had made them, there was such a change in the nature of the interest of the vendee as an assured as to void a policy…