Brown v. Missouri State Life Ins. Co.

Opinion by

JARMAN, C.

Alanson 0. Brown, hereinafter referred to as plaintiff, was associated with Joseph F. Drake, hereinafter referred to as the applicant, in an oil venture. Plaintiff was to furnish the money, while the applicant, who was an'experienced and practical oil man, was to contribute his knowledge, services, and skill to the project. All of the transactions hereinafter referred to occurred in 1023. The plaintiff had contributed about $90.000. and it was agreed that the applicant should procure a fiv’e-year term policy of insurance in the sum of $100,000 on his life, payable tó the…