Palatine Insurance Co. v. Reo Motor Car Co.

This action was tried in the superior court at the same time as the case of General Securities Corporation v. Reo Motor Car Co. of California, ante, p. 16 [ 266 Pac. 575 ], The facts are the same in the two cases except that in the instant case F. S. Stewart, the Reo dealer at Santa Barbara, executed a conditional sale contract for the automobile in question in favor of R. B. Stewart, reserving title in himself until the purchase price should be paid. Defendant sold and delivered to P. S. Stewart the automobile in question on January 24, 1922, by conditional sale contract in which title was reserved in defendant. P. S. Stewart displayed the automobile for sale in his place of business at Santa Barbara until February 1, 1922, when he sold to the General Securities Corporation the said conditional sale contract in which R. B. Stewart was the purchaser. R. B. Stewart was the wife of P. S. Stewart, but this fact did not appear in the document. The plaintiff in the present action carried insurance on the automobile at the instance and request of the General Securities Corporation, and has paid the General Securities Corpora tion a loss pursuant to the contract of insurance. Prior to…