Court Opinion

ID: 9445396
Source: CourtListenerOpinion
Date Created: 2023-08-03 21:27:54.887032+00
Date Added: 2024-06-11T17:30:14.959282
License: Public Domain

JONES, Circuit Judge
(dissenting).
Insurance is a contract of indemnity against loss or damage. Where loss or damage occurs after a contract óf sale-has been made but before conveyance the-loss generally falls on the purchaser» Here the purchaser’s interest was insured by a binder of the insurance company. I do not think it was intended, that the Florida Statute should be construed to permit windfall profits to either vendor or vendee. Here, it seems to me, the Court has not only authorized an unjust enrichment but has sanctioned am agreement between the claimants as to. how they should participate in their gain» I cannot see how it can be said that at the-time of the fire the School Board had! an interest in excess of the amount of unpaid purchase money. I cannot see that its vendee was insured for any amount ins excess of the purchase price. It will not be assumed that the School Board sold for $2,300 a structure that had a value of $6,500. I respectfully dissent»
Rehearing denied: JONES, Circuit Judge, dissenting.