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GLENCO CORPORATION v. AMERICAN EQUITABLE ASSUR. CO.

No. 16179.

289 F.2d 899 (1961)

GLENCO CORPORATION, a corporation, Appellant, v. AMERICAN EQUITABLE ASSURANCE COMPANY, a corporation, Appellee.

United States Court of Appeals District of Columbia Circuit.

Decided May 11, 1961.

Attorney(s) appearing for the Case

Mr. Arthur M. Wagman, Washington, D. C., for appellant.

Mr. N. Meyer Baker, Washington, D. C., for appellee.

Before FAHY, DANAHER and BURGER, Circuit Judges.

DANAHER, Circuit Judge.

Appellant, a corporation, sued to recover $22,500, the face amount of a fire policy issued by the appellee to insure "Theda L. Knight, Trustee for Glenco Corporation." The action was dismissed at the close of the plaintiff's case, and this appeal followed.

Glenn O. Richardson, a contractor, formed the Glenco Corporation to buy, remodel and sell old houses. Richardson early in 1957 made a down payment of $750 on a farm in Maryland and...

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