Globe Jewelry, Inc. v. Pennsylvania Insurance

The insurance contract upon which plaintiff has recovered judgment for an alleged loss by burglary of some $4,800 worth of ladies’ watch bracelets, was issued on plaintiff’s express written representation in the application for the policy that it kept “ a detailed stock record ” and took “ a physical stock inventory semi-annually.” The insurance policy issued to plaintiff upon that written application embodied that representation as a condition to be performed by plaintiff, in the following language: “ It is a condition of the insurance that: (A) The insured will maintain a detailed and…