Summary
In Cone v. Niagara Fire Ins. Co. (60 N.Y. 623) it was held that where a possessor of the legal title to real estate enters into a valid contract with a vendee who has not yet paid over the purchase money, the vendor has still an insurable interest in the premises notwithstanding the pecuniary responsibility of the vendee.
Summary of this case from Tiemann v. Citizens' Insurance Co.Opinion
Argued February 11, 1875
Decided February 23, 1875
Charles Tracy for the appellant.
J.E. Dewey for the respondent.
FOLGER, J., reads for affirmance.
All concur; except RAPALLO, J., not voting; MILLER, J., not sitting, and GROVER, J., who concurs in result.