Stockmen's Insurance Agency, Inc. v. Guarantee Reserve Life Insurance Co. of Hammond

DOUGLAS B. HEEN, District Judge.

The District Court sitting without a jury dismissed the plaintiff’s cause of action based upon an alleged contract for a management fee, but awarded the plaintiff a money judgment and ordered an accounting on a second cause of action for commission on renewal insurance premiums. The defendant has appealed, and the plaintiff has cross-appealed, from that part of the judgment adverse to such party.

Incorporated in North Dakota in May 1959, Stockmen’s Insurance Agency, Inc., (hereafter referred to as “Stockmen’s”), intended as its stated objective to sell a million…