ACE WIRE v. AETNA CAS & SUR


60 N.Y.2d 390 (1983)

Ace Wire & Cable Co., Inc., et al., Respondents, v. Aetna Casualty & Surety Company, Appellant.

Court of Appeals of the State of New York.

Decided December 1, 1983.


Attorney(s) appearing for the Case

Michael A. Maillet and Jerome Murray for appellant.

Leonard M. Simon and Jeffrey M. Schwartz for respondents.

Chief Judge COOKE and Judges JASEN and JONES concur with Judge MEYER; Judge WACHTLER dissents and votes to reverse in a separate opinion in which Judges SIMONS and KAYE concur.


MEYER, J.

The comparison of inventory records kept on a unit basis with a physical count of items on hand is not an "inventory computation" within the meaning of the exclusion in section 2(b) of a comprehensive dishonesty, disappearance and destruction policy of insurance. Moreover, because section 4 of the policy requires only evidence which "reasonably proves" employee dishonesty, the insurer is not entitled...

NEVER MISS A DECISION. START YOUR SUBSCRIPTION.

Uncompromising quality. Enduring impact.
Your support ensures a bright future for independent legal reporting.

As you are aware we have offered this as a free subscription over the past years and we have now made it a paid service.Look forward to your continued patronage.

GET STARTED


OR

Read it with your Leagle account.
Sign in to continue


Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases