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eBook details

• Title: Olaf S. Burman v. California Insurance
• Author : Supreme Court of Minnesota
• Release Date : January 15, 1932
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 61 KB

Description

Insurance -- right of contract vendor to proceeds. Where by mistake a fire insurance policy was assigned to the husband of a contract vendee but was indorsed payable first to a mortgagee, then to B (plaintiff), the title owner, and third (mistakenly) to the husband as contract vendee, as interest may appear, it is held, in case of loss, that plaintiff, the contract vendor and title owner, might recover the amount of insurance remaining after payment of the mortgage where the vendee's indebtedness to the vendor exceeded such remainder, notwithstanding a cancellation of the contract for deed effected subsequent to the date when payment was due from the company. Citing Quackenbush v. Citizens Ins. Co. 150 Mich. 555, 114 N.W. 388.

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