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GRADY v. INDIANA LUMBERMEN'S MUT. INS. CO. OF INDIANAPOLIS, IND.

No. 10422.

135 F.2d 714 (1943)

GRADY et al. v. INDIANA LUMBERMEN'S MUT. INS. CO. OF INDIANAPOLIS, IND.

Circuit Court of Appeals, Fifth Circuit.

May 18, 1943.

Attorney(s) appearing for the Case

William J. Guste and Morris B. Redmann, both of New Orleans, La., for appellants.

St. Clair Adams and St. Clair Adams, Jr., both of New Orleans, La., for appellee.

Before SIBLEY, HUTCHESON, and McCORD, Circuit Judges.

SIBLEY, Circuit Judge.

A suit upon fire insurance policies issued on a stock of merchandise was defeated by a ruling that the inventories and books tendered the insurer under the "iron safe clause" in the policies did not satisfy that warranty. The plaintiff appeals.

The evidence shows that the plaintiff in November, 1937, bought out his partner's interest in the business, taking transfer of two insurance policies on the merchandise and later taking out a...

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