Massachusetts Mutual Life Insurance v. Bank of California

The appellant questions no fact found by the trial court, hut assigns errors upon the conclusions drawn from the admitted facts.

Edwin H. Flick in his lifetime procured a policy of insurance upon his life to be written by the plaintiff, which was continued in force until the death of Mr. Flick. Some time prior to his death, Mr. Flick assigned, or attempted to assign, this policy to Florence E. Gilson as security for loans and advances made by her to him which, at the time of Mr. Flick’s death, exceeded the amount which then became payable under the life insurance policy. The assignment was not…