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LUMBERMEN'S MUTUAL INS. CO. OF MANSFIELD v. WHEELER

No. 5-788.

284 S.W.2d 620 (1955)

The LUMBERMEN'S MUTUAL INS. CO. OF MANSFIELD, OHIO, Appellant, v. Arthur WHEELER et al., Appellees.

Supreme Court of Arkansas.

December 5, 1955.

Attorney(s) appearing for the Case

Wood & Smith, Little Rock, for appellant.

Lookadoo, Gooch & Lookadoo, Arkadelphia, for appellees.

WARD, Justice.

On March 21, 1953, appellee, Arthur Wheeler, purchased a 1940 Chevrolet automobile from W. T. Matlock [also an appellee] for the purchase price of $225 on credit, with Matlock retaining title to the automobile. Also on said date the appellant insurance company issued its policy to Wheeler covering the actual value of the car with $50 deductible. This policy contained the following clause: "Loss Payee: Any loss hereunder is payable as interest may appear...

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