W A Bennett Limited v Puna - [1956] NZLR 629

Hire-purchase Agreement — Undertaking by Owner of Vehicle that if Conditional Purchaser paid Insurance Premium in respect thereof to Owner, Owner would effect Insurance or Renewal thereof — Consideration for Such Undertaking in All Consideration given by Conditional Purchaser under Agreement — Failure of Owner to pay to Insurance Company Premium received from Conditional Purchaser — Vehicle destroyed during Consequent Lapse of Policy — Owner liable in Damages to Conditional Purchaser.