Court Opinion

ID: 9586724
Source: CourtListenerOpinion
Date Created: 2023-08-21 23:14:16.742502+00
Date Added: 2024-06-11T17:32:48.427888
License: Public Domain

Felton, Chief Judge,
concurring specially. The following provision of the conditional-sale contract involved is completely controlling on the issue in this case: “The purchaser agrees to keep the interest of the seller in all of said material insured against loss or damage from any or all causes and to pay the premium of said insurance and to deliver the policies or a policy rider to the seller. Any neglect or failure on the part of the purchaser to have said material so insured and to deliver the policies or rider to the seller shall give the seller the right, at its option, to declare the entire indebtedness due, and at its option to have such material insured in its name, and as its interest *771may appear, and to pay the premiums on the policies thereof, and charge same to the purchaser’s account, which he agrees to pay. Seller, however, shall be under no obligation to procure or maintain insurance.”