Mississippi Fire Ins. Co. v. Perdue

The main questions presented on this appeal relate to alleged breach of the promissory warranty or condition subsequent in the iron-safe clause of a policy of fire insurance issued' upon a stock of merchandise, wherein the insured covenanted to take an inventory of the stock and to keep a set of books clearly showing a complete record of business transacted, including purchases and sales, both for cash and credit, from the date of the inventory. The contract was in the standard form set out in the opinion in Hanover Fire Ins. Co. v. Wood, 213 Ala. 132, 104 So. 224, 39 A. L. R. 1436.

Plaintiff…