Lewis v. Culbertson

The material facts of this case are these: In 1934, the defendant Ely Culbertson purchased from the plaintiffs an estate in Ridgefield consisting of land, buildings, household furniture, live stock, farm utensils and tools for the sum of $120,000 of which $22,000 was paid in cash and the balance, $98,000, by a note secured by a mortgage upon the real and personal property. From the date of the purchase until the latter part of 1936, Culbertson carried fire insurance covering his own interest and the interest of the plaintiffs as mortgagees upon the building and furniture to the extent of…