GRISSOM, Chief Justice.
In April, 1958, The Hanover Fire Insurance Company of New York issued to Fanny and Nanny McCullough a fire insurance policy insuring them against loss of their residence by fire. It provided that the insurer should not be liable for a loss after a "change in ownership" of the insured property. Thereafter, the McCulloughs and James Alexander and wife entered into a written contract for the exchange of their homes in Albany. It required the McCulloughs...
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