Chicago Fire & Marine Insurance v. Sharpensteen

On March 15, 1928, C. C. Sharpensteen sold an automobile to one F. J. Woods under a conditional sales contract and within a few days thereafter the Chicago Fire and Marine Insurance Company of Chicago, for a consideration of $12.50 insured him against loss sustained by reason, among other things, of “the fraudulent concealment or disposal of said automobile by the vendee with intent to defraud the vendor.” The car was driven from the state in April afterwards by the vendee without the consent of the vendor and never recov ered. Proof of loss in the snm of $292.75, the amount due thereon, was…