RUBY STEAMSHIP CORPORATION, LTD. v. JOHNSON & HIGGINS.
(1927) 28 Ll L Rep 30
UNITED STATES CIRCUITCOURT OF APPEALS FORTHE SECOND CIRCUIT
Before Hough, Hand and Mack, C.JJ.
Insurance brokers-Policy taken out by American broker through English broker in London-Notice given to assured by American broker that policy would be cancelled unless premiums were paid in advance-Non-payment-Broker's lien on policy-Enforcement of lien in case of "no loss"-Revocation of customary 30-day credit-Right of American broker to cancel policy upheld.