Mercantile Insurance Co. of America v. Jackson

This interpleader action was initiated by Mercantile Insurance Company of America (hereinafter referred to as Insurer), to determine which of several claimants are entitled to proceeds from an insurance policy. The amount payable under the policy has been paid into court. The trial court decided that the proceeds of the policy should be paid to Western Tractor and Equipment Company (hereinafter referred to as tractor, company). William Hulbert Mill Company, garnisher, has appealed. The pertinent facts are as follows:

A tractor, owned by Theodore Jackson and subject to a mortgage to the Peoples…