In real property law and the law of insurance. The failure or falsehood of an affirmative promise or statement, or the nonperformance of an executory stipulation. Hendricks v. Insurance Co., 8 Johns. (X. Y.) 13; Fitzgerald v. Ben. Ass'n, 39 App. Div. 251, 56 N. Y. Supp. 1005; Stewart v. Drake, 9 N. J. Law. 139.
Written and fact checked by The Law Dictionary