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NEWCOURT FINANCIAL, INC. v. CANAL INS. CO.

No. CA 98-1516.

1 S.W.3d 452 (1999)

67 Ark.App. 347

NEWCOURT FINANCIAL, INC. v. CANAL INSURANCE COMPANY.

Court of Appeals of Arkansas, Division II.

October 6, 1999.

Attorney(s) appearing for the Case

Barrett & Deacon, by: D.P. Marshall Jr. and James D. Bradbury, Jonesboro, for appellant.

Ledbetter, Hornberger, Cogbill, Arnold & Harrison, by: Rebecca D. Hattabaugh, Fort Smith, for appellee.

JUDITH ROGERS, Judge.

The appellant, Newcourt Financial, Inc., is a financial institution that loaned money to Mike Fisher for the purchase of a commercial truck. The truck was insured by appellee, Canal Insurance Co. The insurance policy named appellant as a payee under the policy and specified that appellant's interest "shall not be invalidated by an act or neglect" of Fisher. Less than a year after Fisher purchased the truck, it overturned on I-40 in Oklahoma and...

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