More on The Records Warranty
Breach of the iron safe warranties precludes any right to recover under a policy of insurance.22 In Liverpool and London and Globe Insurance Company v. Kearney, 1901.SCT.40005, 180 U.S. 132, 45 L. Ed. 460, 21 S. Ct. 326 (01/07/1901), the United States Supreme Court explained that the iron safe clause must be read in practical reality and not literally.
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