Supreme Court of Alabama March 9, 1933, 8 Div. 494. (Globe & Rutgers Fire Ins. v. Home Investment & Loan Corp.)

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GARDNER, Justice.

Plaintiff is a “finance corporation” and engaged in buying automobile papers. Under the provisions of a “master policy” with defendant, it insured for $800 an automobile which had been sold by the Sims Motor Company

to one

Markham; the note and mortgage for the deferred payment of $895 having been duly transferred to the plaintiff.