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CASTLE CARS v. UNITED STATES FIRE INS. CO.

Record No. 781705.

273 S.E.2d 793 (1981)

CASTLE CARS, INC. v. UNITED STATES FIRE INSURANCE COMPANY.

Supreme Court of Virginia.

January 16, 1981.

Attorney(s) appearing for the Case

David B. Hagan, Norfolk (Dean P. Collias, Norfolk, on brief), for appellant.

Benjamin A. Hubbard, Chesapeake (Outland, Gray, O'Keefe & Hubbard, Chesapeake, on brief), for appellee.

Before CARRICO, HARRISON, COCHRAN, POFF, COMPTON and THOMPSON, JJ.

POFF, Justice.

This appeal poses the question whether a bona fide purchaser for value has an insurable interest in stolen property.

The facts are stipulated. Castle Cars, Inc. (the dealer), bought a used car for $2600 and received the seller's assignment of a title certificate issued by the Division of Motor Vehicles. That night the car was stolen from the dealer's lot. The dealer filed a claim under the...

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