Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

PRICE BROTHERS & CO., LTD. v. C. E. HEATH.

(1928) 31 Ll.L.Rep. 352

KING'S BENCH DIVISION.

Before Mr. Justice Salter.

Insurance (fire)-Loss of standing timber (Canada)-Claim-Defence of misrepresentation -Average value of timber per square mile - Issue of debentures by plaintiffs-Insurance by way of security -Timber insured in blocks - Money franchise and limited risk in respect of each block-Knowledge of underwriter that proposed insurance was not an insurance for the full value of the timber; of the proposed debenture issue; and of the desire only to secure such issue-Defence of misrepresentation not made out.

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