[Download] "Le Frois Foods Corp. Et Al. v. Policy Advancing Corp." by Supreme Court of New York " eBook PDF Kindle ePub Free

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Title: Le Frois Foods Corp. Et Al. v. Policy Advancing Corp.
Author : Supreme Court of New York
Release Date : January 04, 1977
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 69 KB

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[59 A.D.2d 1013 Page 1013] Order and judgment unanimously affirmed, with costs. Memorandum: Plaintiff Le Frois Foods Corporation was the owner of real estate upon which the other plaintiffs held mortgages. On December 11, 1971 certain buildings and their contents located on this real estate were destroyed by fire. Subsequently, plaintiffs commenced this action against defendant insurance companies and Policy Advancing Corporation (PAC), a premium financing agency, seeking payment pursuant to fire insurance policies allegedly issued by the insurance companies. Plaintiffs now appeal from that part of an order granting summary judgment in favor of defendant PAC on the basis of an outstanding order of preclusion. In their complaint plaintiffs set forth six causes of action, the last four of which alleged theories of recovery against PAC. Under their third and fourth causes of action, plaintiffs sought damages on a theory of breach of promise in that PAC made promises or representations that policy premiums had been paid and that such policies were in effect at the time of the fire. In their fifth and sixth causes of action plaintiffs set forth a theory of recovery based upon breach of contract due to PAC's failure to notify plaintiffs of the termination of insurance coverage. Following service of this complaint, PAC served upon plaintiffs its answer and a demand for a bill of particulars. As a result of plaintiffs' failure to comply with the demand, a preclusion order was entered. With respect to their third and fourth causes of action, as a result of the order of preclusion entered against them, plaintiffs were precluded from: (1) establishing the terms of the premium finance agreements; however PAC in its answer admitted the existence of the premium financing agreements and that the agreements provided that Le Frois Foods Corp. made monthly installment payments on the policies in question with finance charges added; (2) establishing the dates of certain downpayments and installment payments and the dates and amounts of others made pursuant to the premium finance agreements; (3) proving the receipt of the notices of cancellation by Le Frois Foods Corp.; however, PAC in its answer admitted that it had issued the notices of cancellation and conceded the truth of the plaintiffs' allegations as to the dates of issue of the notices and their effective dates; (4) establishing the payment of premiums to PAC either prior to or subsequent to December 11, 1971 and to which insurance policies they applied; (5) proving the existence of representations or warranties made to them by agents of PAC. With respect to their fifth and sixth causes of action plaintiffs were precluded from offering any proof concerning the particular portion of any [59 A.D.2d 1013 Page 1014]