On August 14th, 1959, plaintiff in error, hereinafter referred to as the "insurer", issued to defendant in error, hereinafter referred to as the "insured", a policy of so-called "Yacht" insurance in the amount of $3500.00 on an inboard 20-foot Dodgecraft boat the insured owned. Thereafter, on or about October 1st of the same year, the boat sank during a storm on Fort Gibson Lake. Thereafter, the...
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