Balcer v. Peters

This case arises from a disputed claim to the proceeds from a $5,000 life insurance policy on the life of Reverend Vincent J. Balcer.

The pertinent facts appear as follows: On May 23, 1941, Reverend Vincent J. Balcer designated his sister, Monica Balcer, as beneficiary on the policy. In 1946 Reverend Balcer borrowed $9,700 from the defendants. A note was given by Reverend Balcer to the defendants as evidence of the debt. This was the only business transaction between the parties. Subsequently, at the defendants’ request Reverend Balcer assigned to defendants the $5,000 life insurance policy as…