RATCLIFF v. SMITH


298 S.W.2d 18 (1957)

Ballard Gene RATCLIFF, Appellant, v. Charles Worthington SMITH, Appellee.

Court of Appeals of Kentucky.

January 25, 1957.


Attorney(s) appearing for the Case

Creech & Cox, C. B. Creech, Dempsey A. Cox, Ashland, for appellant.

H. R. Wilhoit, Grayson, for appellee.


MOREMEN, Judge.

This action arose out of an accident which occurred on Route U. S. 60 near Grayson. The automobiles involved in the collision were operated by appellant Ratcliffe and appellee Smith. Ratcliffe was the insured under a deductible policy issued by the Calvert Fire Insurance Company. The damage to his car was approximately $2,250. He received from the insurance company the sum of $2,000 and signed a loan receipt which contained the following language:...

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