Leathers v. Cannon
Also decided on this docket: La. Ct. App. 1st Cir., April 9, 1980 383 So. 2d 138; La. Ct. App. 1st Cir., August 31, 1976 337 So. 2d 595; La. Ct. App. 1st Cir., March 10, 1969 220 So. 2d 729; La. Ct. App. 1st Cir., January 5, 1951 50 So. 2d 55; La. Ct. App. 1st Cir., May 15, 1919 2 Pelt. 488
Leathers v. Cannon, 35 La. Ann. 1200 (1883).
Opinion text
A policy of insurance issued on a steamboat to cover the losses on the entire boat, owned by several parties, for the account of present owners, loss, if any, payable to one of said owners, who contracted for the insurance, will enure to the benefit of each owner of the boat in the proportion of his virile share, although the party effecting the insurance claims that he intended to insure his share only, and for his exclusive benefit. Having received the policies stipulating to cover the whole property, for the account of present owners without objection, and having collected the insurance money under the policies thus conditioned, he will he held to have ratified the contract as evidenced by the policies.