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TIME FINANCE CORPORATION v. JOHNSON TRUCKING CO.

No. 11404.

458 P.2d 873 (1969)

23 Utah 2d 115

TIME FINANCE CORPORATION, Plaintiff and Respondent, v. JOHNSON TRUCKING CO., Inc., et al., Defendants and Respondents. OCCIDENTAL FIRE AND CASUALTY COMPANY, Cross-Claimant and Appellant, v. JOHNSON TRUCKING COMPANY, Inc., William D. Maxwell and Karen Maxwell, husband and wife, Cross-Defendants and Respondents. OCCIDENTAL FIRE AND CASUALTY COMPANY, Third-Party Plaintiff and Appellant, v. MANG COMPANY and George P. Mang, Third-Party Defendants and Respondents.

Supreme Court of Utah.

September 17, 1969.

Attorney(s) appearing for the Case

Wendell E. Bennett, of Strong & Hanni, Salt Lake City, for appellant.

Zar E. Hayes, of Pugsley, Hayes, Rampton & Watkiss, Milo S. Marsden, Jr., of Mabey, Bradford & Marsden, Salt Lake City, for respondents.

CALLISTER, Justice:

Plaintiff, Time Finance Corporation, initiated this action to recover the proceeds of an insurance policy covering a collision loss from Occidental Fire and Casualty Company, the insurer. The insured, Johnson Trucking Company, by its President, William D. Maxwell, had assigned all right, title and interest to the proceeds of its insurance claim against its insurer to Time Finance on April 5, 1966, to secure...

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