Burroughs Corp. v. JAMES E. SIMON CONSTRUCTION CO.

This is an action brought to recover a money judgment arising from an insurance clause in an equipment sale • contract between the parties. The plaintiff, Burroughs Corporation, and the defendant James E. Simon Con*273struction Co., entered into a contract for the purchase of a computer system on which the defendant made a down-payment. In the contract the defendant as purchaser agreed to: “* * * insure the equipment for the benefit of Seller against loss or damage of any kind, shall be absolutely responsible for the equipment from the time of delivery at Purchaser’s building and thereafter until…