Coykendall v. Ladd
Supreme Court of Minnesota
Appeal by plaintiffs from an order of the district court for Hennepin county, Young, J., presiding, refusing a new trial after a verdict by which the jury found that James A. Lovejoy, the claimant, was entitled to recover from the Equitable Fire Insurance Company, the garnishee, the insurance money in dispute. cited North Star Boot & Shoe Go. v. Ladd, ante, p. 381.
1Opinion of the CourtVanderburgh, J.
The defendant, Ladd, March 27, 1882, procured a policy of insurance upon his stock of merchandise, of the Equitable Eire Insurance Company, for $1,500, containing a stipulation providing that the loss, if any, should “be payable to James A. Lovejoy, as his interest may appear.” Subsequently, on January 8, 1883, and previous to the loss of the goods by fire, he executed a chattel mortgage to Lovejoy, valid on its face, to secure promissory notes exceeding in the aggregate the amount of such policy. The property insured was destroyed by fire, February 23, 1883, at which time the mortgage had…
2Cited by3 opinions
- Security State Bank v. BrechtSupreme Court of Minnesota · 1921
- Manson v. Phœnix InsuranceWisconsin Supreme Court · 1885
- Bradley v. RobieCourt of Appeals for the Eighth Circuit · 1920