Waring v. . the Indemnity Fire Ins. Co.
New York Court of Appeals
Appeal from the judgment of the General Term of the Supreme Court, in the first judicial district, affirming the judgment of the Flew York circuit in favor of the plaintiff. The plaintiffs were commission merchants, and brokers in petroleum and its products. They also bought and sold on their own account.
Read the full summary
Appeal from the judgment of the General Term of the Supreme Court, in the first judicial district, affirming the judgment of the Flew York circuit in favor of the plaintiff. The plaintiffs were commission merchants, and brokers in petroleum and its products. They also bought and sold on their own account. To cover all their interests and those which they represented, they took such policies of insurance as were adapted to the various exigencies of their business, and the necessities of the persons with whom they dealt. A part of their business was to sell petroleum for export, and it was an…
1Opinion of the CourtFolgeb, J.
Though there 'was a time, after the making of the policy, at which the property was covered by it, and the plaintiffs were insured by it, it must be conceded that when the property was destroyed by fire, the plaintiffs had no such interest in it, as that they suffered any immediate pecuniary loss. The proof is, that they had sold the oil and received their pay. The proof also is, that the oil was on store in a United States' bonded warehouse, and that, by the delivery of invoices and gauger’s certificates to vendees of the plaintiffs, there had been a complete delivery of the property to the…
2Cases cited2 opinions
- Stillwell v. . StaplesNew York Court of Appeals · 1859
- Herkimer v. . RiceNew York Court of Appeals · 1863
3Cited by60 opinions
- People v. JenningsNew York Court of Appeals · 1986
- Stainless, Inc. v. Employers Fire InsuranceAppellate Division of the Supreme Court of the State of New York · 1979
- California Insurance v. Union Compress Co.Supreme Court of the United States · 1890
- Wagner & Chabot v. Westchester Fire InsuranceTexas Supreme Court · 1899
- Western & A. Pipe Lines v. Home Ins., Pennsylvania Court of Common Pleas, Washington County1891
55 more not listed; retrieve them via the Exa API.