Schmidt v. Sinclair

Defendant appeals from a judgment entered upon the verdict of a jury for $866.08 in an action to recover damages resulting from defendant’s negligence in failing to procure collision insurance upon plaintiff’s automobile in accordance with an alleged oral agreement.

The history of the transaction may be briefly stated. November 30, 1948, plaintiff sought a loan from defendant in the sum of $200. As security for the proposed loan defendant demanded a chattel mortgage on plaintiff’s automobile and a collision insurance policy “showing loss to payee clause.” Plaintiff executed a mortgage for…