Commonwealth v. Kapsalis

Reno, P. J.,

On June 18, 1925, Louis Kapsaiis leased a restaurant located at No. 244 Hamilton Street and purchased the fixtures therein for $296. Before purchasing, but while negotiations for its purchase were in progress, he insured the fixtures and stock for $3000, by having the existing policy in that sum extended for a further period and placed in his name. The fixtures were appraised by an agent of the insurance company prior to renewing the policy, who testified that, in his judgment, the fixtures and stock were worth the amount of the policy. There was no other evidence of the actual…