General Exchange Ins. Corp. v. Branham

Opinion op the Court by

Chiep Justice Pulton—

Affirming.

On June 15, 1939, the appellee purchased an automobile for $999.54 and financed the deferred payments amounting to $666.09 through the General Motors Acceptance Corporation. On the same day the appellant-issued a policy of insurance, insuring the appellee, the dealer and GMAC, as their interests might appear, against loss by fire.

On June 13, 1940, the automobile was destroyed by fire. The appellee then owed a balance of $222.50 to GMAC. On August 27, 1940, seventy five days after the fire, the appellee forwarded to the appellant proof of…