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PROGRESSIVE AM. INS. v. FLORIDA BANK

No. 83-913.

452 So.2d 42 (1984)

PROGRESSIVE AMERICAN INSURANCE COMPANY, a Florida Corporation, Appellant, v. FLORIDA BANK AT DAYTONA BEACH, a Florida Corporation, Appellee.

District Court of Appeal of Florida, Fifth District.

Rehearing Denied June 18, 1984.

Attorney(s) appearing for the Case

George L. Winslow, Jr., of Wright, Fulford & Winslow, Orlando, for appellant.

Theodore F. Zentner of Becks, Becks & Wickersham, Daytona Beach, for appellee.

WOLFMAN, S., Associate Judge.

This is an appeal from a final judgment in favor of Florida Bank at Daytona Beach ("Bank") against Progressive American Insurance Company ("Progressive"), establishing Progressive's liability to the Bank on a loss claim.

On May 11, 1981, one Arthur Eldridge purchased a 1981 Chevrolet Corvette automobile from Higginbotham Chevrolet. The Bank lent Eldridge the funds to purchase the automobile, thereby becoming a lienholder, and...

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