Coahoma County Bank & Trust Co. v. Feinburg

Ira S. Feinberg borrowed the purchase price of an automobile from the Coahoma County Bank & Trust Co., Inc., and gave his promissory note and a deed of trust upon the automobile to A. David Califf, Trustee for the Bank. He also furnished the Bank a contract of insurance on the automobile, in which the Bank was named mortgagee. The policy, among other things, insured Ira S. Feinberg against loss by theft.

The defendant Feinberg moved from Mississippi and became a resident of New York. His note to the Bank became due and payable, he became delinquent, and the Bank .turned his note over to an…