Aetna Casualty & Surety Co. v. Acme-Goodrich, Inc.

This action was brought upon an insurance policy which is designated as a “Deferred Payment Merchandise Policy,” in which policy the appellee Acme-Goodrich, Inc. is named as the assured and called the “Vendor.” The policy insured poultry sold by the Vendor on a deferred payment basis and covers certain stated risks and perils. Coverage is applicable “for the account of the Vendor and Vendee, until the interest of Vendor is terminated.”

Appellee Owen Wright bought poultry from appellee Acme-Goodrich, Inc., doing business as Goodrich Brothers Company, on a deferred payment basis, and both…