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B & L FURNITURE CO. v. TRANSAMERICA INSURANCE CO.

480 P.2d 711 (1971)

B & L FURNITURE COMPANY, a Corporation, Appellant, v. TRANSAMERICA INSURANCE COMPANY, a Corporation, Respondent.

Supreme Court of Oregon, Department 1.

Decided February 10, 1971.

Attorney(s) appearing for the Case

Harvey W. Keller, Portland, argued the cause and submitted the briefs for appellant.

James H. Gidley, Portland, argued the cause for respondent. With him on the brief were Maguire, Kester & Cosgrave, Portland.

Before O'CONNELL, C.J., and McALLISTER, HOLMAN and HOWELL, JJ.

HOWELL, Justice.

The only issue presented in this case is whether an act of conversion by an insured constitutes "property damage * * * caused by an occurrence" under plaintiff's liability policy with the defendant insurance company.

The facts have been stipulated. The plaintiff sold various items of furniture to a purchaser under a conditional sales contract. The plaintiff repossessed the furniture. The purchaser brought an action for conversion against plaintiff...

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