Marblestone Co. v. Phoenix Assurance Co., Ltd.

1 Reported in 204 N.W. 42, 210 N.W. 385. Note 2. The following opinion was vacated, after reargument, by that of October 15, 1926. See last paragraph of opinion on page 14, infra. [Reporter]. Respondent was a North Dakota corporation, engaged in operating a ladies' ready-to-wear store at Valley City, North Dakota. On October 12, 1922, its stock of goods had an inventory value of $56,580. Appellants, together with 13 other insurance companies, issued policies of fire insurance on the stock to the amount of $36,500, the two issued by appellants being for $2,000 each. All of the policies were in…