Security Life Insurance Co. v. Executive Car Leasing Co.

CHADICK, Chief Justice.

This litigation was instituted by Executive Car Leasing Company of Dallas as a suit to collect a balance due under the terms of a car rental contract. An answer and cross-action was filed by Security Life Insurance Company. At the conclusion of the suit judgment favorable to the leasing company was rendered.

In December, 1962, the parties entered into a written contract labeled “Automobile Lease Agreement”. The terms of the instrument put Security Life Insurance Company in possession of a new 1963 Buick Riviera automobile. Security Life accepted and retained possession…