Lybecker v. United Pacific Insurance

— The sole question is whether a statute of limitations bars plaintiffs’ claims for relief, as they apply to defendant-appellant United Pacific Insurance Company.

This is an action by four plaintiffs, Norman Lybecker, Corydon, Inc., Johnson Union Warehouse Company, Inc., and Cochran and Son Elevator. We will designate them hereafter as Lybecker, Corydon, Johnson and Cochran.

In 1959, McDonnell was a licensed “Commission Merchant and Credit Buyer” of agricultural products within the provisions of Laws of 1955, chapter 14 as amended by chapter 262. As a condition precedent to issuance of the…