MATHIE v. THE ARGONAUT MARINE INSURANCE COMPANY, LTD.
(1925) 21 Ll.L.Rep. 145
HOUSE OF LORDS.
Before Lord Buckmaster, Lord Dunedin, Lord Atkinson, Lord Sumner and Lord Wrenbury.
Insurance (Marins)-Loss of cargo-Claim- Defences of non-disclosure of material fact (valuation including fright already insured) and over-insurance- Test as to whether over-valuation sufficient to change a business transaction into a merely speculative one.