UNIVERSAL C.I.T. CORP. v. FOUND. RESERVE INS. CO.

No. 8666.

450 P.2d 194 (1969)

UNIVERSAL C.I.T. CORPORATION, Plaintiff-Appellant, v. FOUNDATION RESERVE INSURANCE COMPANY, Inc., Defendant-Appellee.

Supreme Court of New Mexico.

February 3, 1969.


Attorney(s) appearing for the Case

Rosenberg & Blenden, Carlsbad, for plaintiff-appellant.

McCormick, Lusk, Paine & Feezer, Michael F. McCormick, Carlsbad, for defendant-appellee.


OPINION

COMPTON, Justice.

The plaintiff, holder of a chattel mortgage on a motor vehicle insured by the defendant, brought this action pursuant to the terms of a loss payable clause in the insurer's policy for damages resulting from the destruction of the vehicle. The case was tried without a jury; judgment was entered in favor of the defendant, and the plaintiff appeals.

The findings of fact are not challenged...

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