Stoner v. First American Fire Insurance

Prior to April 25, 1931, one James Fadden was the holder of the legal title to lot 43 and the west 38 feet of lot 44 in the town of Prescott, Iowa. On that date he transferred the property by deed to J; H. Stoner, one of appellees herein. Appellee Riatt held a mortgage on this property. Riatt applied to one R. F. Sullivan, of Afton, Iowa, for insurance upon the building on the property. Sullivan forwarded an application, prepared by him,- for such insurance to the Chicago .office of appellant insurance company. In due time the insurance company sent a- policy insuring James Fadden against…