AMERICAS AVIATION & MARINE INS. CO. v. BEVERLY BANK

Nos. 69-450, 69-473.

229 So.2d 314 (1969)

AMERICAS AVIATION & MARINE INSURANCE CO., a Florida Corporation, Appellant, v. BEVERLY BANK, a Foreign Corporation, Appellee.

District Court of Appeal of Florida. Third District.

December 16, 1969.


Attorney(s) appearing for the Case

Batchelor, Brodnax, Guthrie & Kindred, Miami, for appellant.

Bernard B. Weksler, Miami, for appellee.

Before CHARLES CARROLL, BARKDULL and HENDRY, JJ.


PER CURIAM.

Appellant appeals from an adverse judgment rendered in a declaratory decree action on an insurance policy. From the record, it appears that in August of 1967 Aeroborne Enterprises, Inc. [not a party to this action] borrowed approximately $25,000.00 from the appellee bank to finance the purchase of a DC-3 airplane. The note was secured by a chattel mortgage on the aircraft and the mortgagor, pursuant to the terms of the mortgage, was required to secure...

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