https://www.taxtmi.com/caselaws?id=310635 A contract for sea insurance is unenforceable unless it is expressed in a sea policy under section 7 of the Indian Stamp Act, 1899. The statutory requirement is mandatory and prohibitory, so the bar cannot be avoided by waiver, omission to plead, or oral proof alone. On the facts, the alleged word-of-mouth arrangement was also not shown to be a concluded contract, because the declaration, acceptance, and withdrawal of the quotation were inconsistent with ordinary underwriting practice. The claim therefore failed, and the asserted sea-insurance arrangement was treated as barred by statute and unproved as a binding contract. en-us Tue, 02 Dec 1924 00:00:00 +0530 Fri, 03 Nov 2023 16:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310635 A contract for sea insurance is unenforceable unless it is expressed in a sea policy under section 7 of the Indian Stamp Act, 1899. The statutory requirement is mandatory and prohibitory, so the bar cannot be avoided by waiver, omission to plead, or oral proof alone. On the facts, the alleged word-of-mouth arrangement was also not shown to be a concluded contract, because the declaration, acceptance, and withdrawal of the quotation were inconsistent with ordinary underwriting practice. The claim therefore failed, and the asserted sea-insurance arrangement was treated as barred by statute and unproved as a binding contract. Case-Laws Indian Laws Tue, 02 Dec 1924 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310635