Sayres v. Decker Automobile Co.

In January, 1921, the plaintiff purchased of the defendant a used automobile for $1,300. He paid $800 in cash and gave a note for $500. He then applied to the Springfield Fire and Marine Insurance Company for a policy of insurance representing that he had paid for the car in question $1,765 and obtained a policy for that amount, the loss payable to himself and to the defendant. He says now that he had added to the price of the car $465 for improvements. When he comes to enumerate these additions, however, it becomes evident that this statement was far too optimistic. On July 22d in the same…