AETNA CAS. & SURETY CO. v. ACME-GOODRICH

No. 19,028.

130 Ind. App. 432 (1959)

159 N.E.2d 310

AETNA CASUALTY & SURETY COMPANY v. ACME-GOODRICH, INC. ETC.

Court of Appeals of Indiana.

Rehearing denied October 13, 1959.

Transfer denied March 11, 1960.


Attorney(s) appearing for the Case

John W. Houghton, Raymond Gray, Jr., Barnes, Hickam, Pantzer & Boyd, of counsel, all of Indianapolis, Robert L. Smith and Smith & Fraser, of counsel, of Portland, for appellant.

William A. Gutheil, of Winchester, Jenkins & Fiely and Frank B. Jaqua, both of Portland, for appellee.


GONAS, C.J.

This action was brought upon an insurance policy which is designated as a "Deferred Payment Merchandise Policy," in which policy the appellee Acme-Goodrich, Inc. is named as the assured and called the "Vendor." The policy insured poultry sold by the Vendor on a deferred payment basis and covers certain stated risks and perils. Coverage is applicable "for the account of the Vendor and Vendee, until the interest of Vendor is terminated."

Appellee...

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