Kolehouse v. Connecticut Fire Insurance

The principal issue on this appeal is whether the holder of a conditional sales contract covering a motor vehicle has any rights to the proceeds of a policy of collision insurance payable as the result of a collision sustained by the vehicle, where, after the collision occurred, such holder improperly foreclosed the conditional sales contract against the vehicle.

The failure of Universal C. I. T., the holder of the conditional sales contract, to comply with the provisions of sec. 122.19, Stats., in holding a sale of the damaged tractor on March 14, 1950, rendered such sale void, and Universal…