KITCHEN DESIGN AND ADVICE LTD. v. LEA VALLEY WATER CO.

[1989] 2 Lloyd's Rep. 221

QUEEN’S BENCH DIVISION

Before Mr. Justice Phillips

Insurance (Damage and Loss of Profits) - Accord and satisfaction - Plaintiffs’ stock damaged by burst water main - Defendants’ insurers settled claim for physical damage and plaintiffs’ insurers signed form of discharge - Plaintiffs claimed in respect of loss of profits - Whether form of discharge an accord and satisfaction for entirety of plaintiffs’ claim - Whether plaintiffs’ insurers had authority to bind plaintiffs to that claim.