Legal Opinion
Commercial Stand. Ins. Co. of Ft. Worth, Tex. v. Hitson
New Mexico Supreme Court
Decided December 30, 1963No. 7311PublishedCited by 9 opinions
1Opinion of the Court
MOISE, Justice.
On September 25, 1957, the defendants-appellants, owners of a five acre tract of land in Curry County, New Mexico, borrowed $5,700.00 from Carlow, Schiller & Carlow, evidencing the same by a promissory note which was secured by a mortgage. On November 5, 1957, a fire and extended coverage insurance policy in the amount of $3,000.00 was obtained from each of the plaintiffs-appellees. Each policy contained a “standard mortgage clause,” differing slightly in form, but identical in substance, as follows:
“Loss or damage, if any, under this policy, shall be payable to Carlow,…
2Cases cited19 opinions
- Walker v. Queen Insurance Co.Supreme Court of South Carolina · 1926
- Allen v. Watertown Fire InsuranceMassachusetts Supreme Judicial Court · 1882
- Fire Ass'n v. PattonNew Mexico Supreme Court · 1910
- Citizens State Bank v. State Mutual Rodded Fire Ins.Michigan Supreme Court · 1936
- Thompson v. MillerSupreme Court of Virginia · 1954
14 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- The Money Store/Massachusetts, Inc. v. Hingham Mutual Fire InsuranceMassachusetts Supreme Judicial Court · 1999
- Doreen C. Mann v. Glens Falls Insurance CompanyCourt of Appeals for the Ninth Circuit · 1976
- Marketos v. American Employers InsuranceMichigan Court of Appeals · 2000
- Quincy Mutual Fire Insurance Company v. JonesCourt of Appeals of Texas · 1972
- Russell v. University of New Mexico HospitalNew Mexico Court of Appeals · 1987
4 more not listed; retrieve them via the Exa API.