Simmons v. National Live Stock Insurance

On January 27, 1913, the plaintiff was the owner of three valuable stallions. Desiring to secure insurance upon them, he made application to the defendant company. A separate application was made as to each, horse, and the several applications contained represen*553tations as to the purchase price paid for each horse as follows:

“Gascon.

“Q. Was purchase price cash, trade, or both? If part trade, state what it consisted of. Ans. Purchase part trade and part cash, $2,250. Q. Cash paid for animal? Ans. $750. Q. Is purchase money all paid? Ans. Yes. Q. If not, for what sum, to whom, and when due? (Not…