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J. B. KRAMER GROCERY CO., INC. v. GLENS FALLS INSURANCE CO.

No. 73-1853.

497 F.2d 709 (1974)

J. B. KRAMER GROCERY COMPANY, INC., Appellant, v. GLENS FALLS INSURANCE COMPANY et al., Appellees.

United States Court of Appeals, Eighth Circuit.

Decided June 6, 1974.

Attorney(s) appearing for the Case

H. David Blair, Batesville, Ark., for appellant.

Jeff Davis, Jr., Little Rock, Ark., for appellees.

Before GIBSON, BRIGHT and STEPHENSON, Circuit Judges.

GIBSON, Circuit Judge.

The burning dispute here is who should bear the loss from a fire set by the financially pressed owner of the contents of a grocery store — the security holder or the insurance companies? Plaintiff Kramer,1 a prior owner, was holder of a security interest in the contents (stock and fixtures) of the store to secure repayment of an indebtedness owed it by the new owner, Teddy Watson. Defendant insurance companies...

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