Gaillard v. Globe & Rutgers Fire Insurance

The opinion of the Court was delivered by

Mr. Justice Cothran.

Action upon a fire insurance policy issued August 26', 1925, in the sum of $1,500.00, expiring August 26, 1926, upon a store building in the town of Dalzell, in Sumter County, at that time the property of the plaintiff C. J. Gail-lard, the loss payable to the plaintiff bank, which was a mortgagee of Gaillard to the extent of $2,500.00.

On December 29, 1925, Gaillard sold his mercantile business and the lot, upon which were located a dwelling house and the insured store building to one R. K. Jackson for $3,000.00, Jackson assuming…