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GUARDIAN ASSURANCE CO., LTD. v. KHAYAT TRADING STORE

March 20, 1972

COURT OF APPEAL

CORAM

  • AMISSAH
  • ARCHER JJ.A.
  • AZU CRABBE J.S.C

Areas of Law

  • Insurance Law
  • Contract Law
  • Evidence Law

AI Generated Summary

Guardian Assurance Co., Ltd. appealed a judgment by Anterkyi J. awarding Khayat Trading Store 18,000 and 1,800 costs after a burglary on 21 September 1967. Two days earlier, the respondents insured the stores goods for N20,000. The insurer denied liability, asserting material misrepresentations in the proposal regarding the total stock value and prior burglaries or claims. The Court of Appeal, per Amissah J.A., criticized the trial judges handling of the evidence and accepted that incorrect answers appeared in the proposal, including stating 20,000 as total stock despite over 30,000 in stock and denying a prior break-in and compensation from Gresham. Applying Newsholme Brothers and related authorities, the court held the agent completing the proposal acted for the proposer; his knowledge was not imputed to the insurer. Because the proposal and declaration were the basis of the contract, accuracy was a condition, making materiality irrelevant. The court allowed the appeal and found the costs award unjustifiable.

JUDGMENT