Commercial Law, 2022 Bar — Question 1

ESSAY

Samson Manufacturing, Inc. insured its own goods with Delilah Insurance for Php2,000,000.00. The same goods were insured by Alibaba Shipping Co. with Assured Corp. for the same amount pursuant to its contract of carriage with Samson Manufacturing, Inc. Both policies warranted that no other insurance exists, and in case another insurance does exist, such would not void either policy, but in no case should the claim exceed the total amount of Php2,000,000.00 at the time of loss. Is this a case of double insurance? Explain briefly.

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