Massachusetts Supreme Judicial Court November 29, 1932 (Trustees of Thayer Academy v. Corporation of the Royal Exchange Assurance of London)

Donahue, J.

The plaintiff, a corporation, has brought suit to recover damages for loss by fire to premises described in a policy of fire insurance in the Massachusetts standard form issued by the defendant corporation in December, 1926, insuring the then owners for a three-year period against loss or damage by fire in the sum of $4,000 payable in case of loss to the plaintiff “Mortgagee, as