Bankers Mortg. Co. v. Schwab

B. C. Schwab, as plaintiff below, secured judgment in the sum of $369, against plaintiff in error upon the following state of facts:

On June 17, 1927, Schwab contracted to purchase a bond of the value of $5,000 from the Bankers Mortgage Company, a corporation, acting through their agents, McCarroll & Elem, and signed an application contract for that purpose, which instrument provided that the first annual payment was to be paid on the date of application and that the salesman • taking the application was authorized to collect no more than the first auuual payment. Schwab on said date paid to…