Boone v. Ohio Valley Fire & Marine Ins. Co.'s Receiver

Opinion of the Court by

Judge Richardson

Affirming.

J. W. Jeffers was the duly appointed and qualified receiver of the Ohio Yalley Fire & Marine Insurance Company. He filed an action in the Livingston circuit court to recover of M. C. Boone and Annie Boone on a bond executed and delivered.by them to the company, secured by a mortgage on certain land. In their answer the Boones offered to confess judgment for $500, or to pay this sum in satisfaction of the bond, and the mortgage to secure it, with interest from December 16, 1922. Following this offer, it was alleged in their joint answer that…