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Commercial Union Assurance v. Lepanto
Commercial Union Assurance v. Lepanto
Lepanto
To say that Lepanto has no interest under the policies would render
GR No. L-52027 | April 27, 1982 | Insurable interest in property insurance| meaningless the said stipulation in its favor. To say that Lepanto as shipper
Yiela of the insured property had no proprietary interest therein before its
delivery at Asarco's wharf in Tacoma is to imply that the insured property
Petitioner: Commercial Union Assurance Company Limited and North British was res nullius. These conclusions are preposterous.
& Mercantile Insurance Co., Ltd.
Respondents: Lepanto Consolidated Mining Company and CA
FACTS:
ISSUE:
Whether Lepanto can legally sue on the marine insurance policies – Yes,
Lepanto can claim under the insurance policies based on the stipulation
and because it was the shipper.
RATIO:
We hold, without prejudging the merits of Lepanto's case and petitioners'
affirmative defenses, that there is a prima facie showing in Lepanto's