West Jersey Trust Co. v. Read

Only two inquiries are here involved: 1. Whether the agreement of January 14th, 1924, is valid and enforceable according to its terms. 2. Whether it embraces all creditor banks in Camden county.

1. I find no doubt touching the validity of this agreement or the right of the several designated banks to enjoy its enforcement in accordance with its terms. The wife and two daughters of the insured were the beneficiaries in the insurance policies at the time the agreement was executed. These policies empowered the insured to change the benficiaries at his pleasure without their consent. In that…