Kratsas, Admr. v. Mugianis

Opinion by

Mr. Justice Barnes,

This appeal * by Diamandis Ch. Mugianis, is from a decree in equity declaring null and void an absolute assignment of a policy of life insurance issued to Leonidis Kratsas (also containing a provision for payment for disability) on the ground that it was executed under the mistaken impression that it was a mere assignment as collateral security for repayment of loans and advances made and to be made by defendant to the assured-assignor.

The case was exhaustively considered by the learned chancellor both in the adjudication and in the subsequent disposition on…