Per Curiam.
In this case the court properly vacated the award because the arbitrators exceeded their powers. In the document dated May 25, 1948, signed by claimant and sent to respondent, the warehouseman, the claimant expressly stated that the value of his property in respondent's custody totaled $5,500 and asked for insurance in that sum. Under the terms of the contract, the effect of claimant's valuation made in 1948 was to substitute $5,500 as the declared...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.