DOYLE, Justice.
The plaintiff, Ranger Insurance Company, issued a policy on defendant Macy's airplane. After the insured airplane was damaged in an accident a lien on the plane of $12,000 held by a party not involved here was foreclosed. Ranger paid the lienholder $12,000 and took title to the plane according to the terms of a Breach of Warranty Endorsement attached to the insurance policy.
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