Bankers Life Company v. International Telephone and Telegraph Corporation

MAJOR, Circuit Judge.

The defendant, International Telephone and Telegraph Corporation (here-, inafter called International), appeals from a judgment entered in the District Court against it in favor of the plaintiff, Bankers Life Company, in the amount of $15,143.72, being the amount of premium alleged to be due by reason of the prepayment of a loan owed to plaintiff by defendant’s predecessor, Kellogg Switchboard & Supply Company.

The material facts were stipulated as follows: On or about November 1, 1948, Kellogg Switchboard & Supply Company, an Illinois corporation (hereinafter called…