Stern Enterprises, Inc. v. Penn State Mutual Insurance

Opinion

Per Curiam,

Plaintiff had contracted for a one-night (September 28, 1970) closed circuit showing in Pittsburgh of a live New York performance of “Oh, Calcutta”, and had procured from defendant insurance company a policy of insurance against breakdown of the broadcasting equipment or loss of signal. There was an equipment breakdown and as a result the receipts from the sold tickets had to be refunded to the purchasers. Defendant *412insurance company reimbursed plaintiff for the amount of the refunds evidenced by tickets which had been signed on the back by the customers with their names and…