Malbin & Bullock, Inc. v. Hilton

ROBERTSON, Judge.

Thomas Hilton (Hilton) was the lessee of Malbin and Bullock, Inc. (M & B, Inc.) at certain premises in Indianapolis from 1968 until May of 1975 when he was removed. Mr. Hilton ran a retail boat sales store on the premises. In August of 1974, the building used for the store was partially burnt down. Mr. Hilton informed Robert Malbin of the corporation. M & B, Inc. had been holding the land and building essentially for potential use as a site for the corporation’s furniture stores, and was unconcerned about the present buildings on the land. Thus, they were uninsured. The trial…