The Pac. Fire Ins. Co. v. the Murdoch Cotton Co.

The appellee, Murdoch. Cotton Company, was the owner of thirty-three bales of cotton which it had purchased from customers of the Smith Gin Company in October, 1935. This cotton was purchased while it was on the platform of the gin company and remained there preliminary to its delivery to the railroad for shipment. During this interval it was destroyed by fire and this action was instituted against the appellant, Pacific Fire Insurance Company, to recover its value plus penalty and'attorney’s fees. At the conclusion of the introduction of testimony, both parties moved for a directed verdict.…