George N. Manchester and Emily J. Manchester, Appellants v. the Guardian Assurance Company, Respondent

Summary

The New York Court of Appeals reversed the General Term's dismissal and held that the insurer was liable for breach of its oral agreement to endorse the fire insurance policy after the change of title. The Court applied the doctrine of equitable estoppel to preclude the insurer's forfeiture defense and awarded the plaintiffs the amount of the insurance as damages.