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REESE CADILLAC CORP. v. GLENS FALLS INSUR. CO.

59 N.J. Super. 118 (1960)

157 A.2d 331

REESE CADILLAC CORP., FORMERLY REESE BUICK CORP. AND/OR STATE TIRE CO., A NEW JERSEY CORPORATION, PLAINTIFF-RESPONDENT, v. GLENS FALLS INSURANCE COMPANY, A NEW YORK CORPORATION, DEFENDANT APPELLANT.

Superior Court of New Jersey, Appellate Division.

Decided January 12, 1960.

Attorney(s) appearing for the Case

Mr. Roy D. Cummins argued the cause for defendant-appellant (Mr. Samuel P. Orlando, attorney).

Mr. Richard J.S. Barlow, Jr., argued the cause for plaintiff-respondent (Messrs. Lenox, Giordano & Lenox, attorneys).

Before Judges PRICE, GAULKIN and FOLEY.

The opinion of the court was delivered by FOLEY, J.A.D.

Defendant appeals from a judgment entered in the Law Division on a jury verdict. On December 3, 1952 the plaintiff purchased from defendant a comprehensive Dishonesty, Disappearance and Destruction Policy which contained the following relevant clauses:

"EMPLOYEE DISHONESTY COVERAGE — FORM B

1. Through any fraudulent or dishonest act or acts committed anywhere by any of the Employees acting...

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