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U. S. TRUST & GUARANTY CO. v. WEST TEXAS STATE BANK

No. 3111.

272 S.W.2d 627 (1954)

U. S. TRUST & GUARANTY COMPANY, Appellant, v. WEST TEXAS STATE BANK OF SNYDER, TEXAS, Appellee.

Court of Civil Appeals of Texas, Eastland.

Rehearing Denied November 19, 1954.

Attorney(s) appearing for the Case

Phenix & Bistany, Waco, for appellant.

Gene Dulaney, Park & Hemphill, Snyder, for appellee.

GRISSOM, Chief Justice.

The Bank made a loan to Ratliff which was secured by a mortgage on his automobile. The insurance company issued a policy covering damages caused by accidents which occur "while the automobile is within the United States of America, its Territories or Possessions, Canada or Newfoundland," with an endorsement, made a part of the policy, which provided that "loss or damage, if any, under the policy shall be payable as interest may appear" to said...

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