PEER JEWELRY MFG. CORP. v. INS. CO. OF NORTH AM.


67 A.D.2d 887 (1979)

Peer Jewelry Manufacturing Corp., Respondent, v. Insurance Company of North America, Appellant

Appellate Division of the Supreme Court of the State of New York, First Department.

February 27, 1979


There was sufficient evidence to sustain the trial court's conclusion of liability; we find substantial compliance by the assured with the conditions stated in the policy. Further, while the method of maintaining inventory was not precisely a model, it seems to have been adequate for the purpose. Most important, there was patently a basis for acceptance by the trial court of the credibility of the explanation of the method used by plaintiff corporation's president, and he...

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