National Liberty Insurance v. Foth

On March 25, 1929, wnile George E. Kelley, manager of the wholesale grocery firm of Lee & Cady, a corporation, was driving an automobile, owned by it, north on the paved highway from Lansing towards St. Johns, the car collided with that of the defendant at a point about five miles north of Lansing, and was badly wrecked. The plaintiff,- with which the corporation had its car insured, after investigation, settled for the damage done to it and took from the corporation a “Subrogation Receipt,” acknowledging payment of $865 and assigning its right to damages arising out of the collision. This…