Capitol Fixture & Supply Co. v. National Fire Insurance Co. of Hartford

Defendant in error, a fire insurance company, on May 1, 1946, and November 30, 1946, issued its policies in the amount of $16,000.00 to Frieda I. and Lloyd E. Hall, owners of a restaurant business in Fort Collins, Colorado. Fixtures therein were sold to the owners on April 22, 1946 by plaintiff in error, a fixture and supply corporation, which took back a chattel mortgage for the sum of $3,173.03, rep-resenting the unpaid balance of the purchase price. This chattel mortgage was placed of record in Fort Collins, the county seat. A fire which destroyed the restaurant and fixtures occurred…