National Reserve Ins. Co. v. McCrory

FOLLEY, Justice.

This suit was filed by the appellee, Lon C. McCrory, against the appellees, A. L. Nelson and W. H. Lathem, and the appel lant, National Reserve Insurance Company. The suit against Nelson and Lathem was upon a $200 note payable to McCrory and executed by Nelson as principal and Lath-em as surety. The suit against the insurance company was upon an insurance policy issued by it upon an automobile owned by Nelson upon which McCrory held a mortgage.

It appears that Nelson borrowed money from McCrory to purchase the automobile. This indebtedness was evidenced by the $200 note sued…