Cobel v. Hartford Fire Insurance

The defendant Hackney, of St. Paul, Minnesota, on February 10, 1919, by a written contract sold a 3,360 acre farm in South Dakota to plaintiffs, residents of that state, who agreed to make certain payments at stated times. The contract contained these provisions affecting the present controversy:

“Insurance covering the buildings on the above described premises shall be adjusted as of the date hereof. The said party of the second part shall be entitled to assignments of the policies, upon paying to said party of the first part the unearned premiums thereon, after the date hereof.”

*235There were…