Buck v. Haas

OVERTON, Justice.

Defendant had the Opelousas Insurance Agency, Inc., to write certain insurance policies on his property. He was unable to pay the premiums at once and accordingly executed three notes to the order of the insurance agency, all dated' December 15, 1931, and maturing at fixed dates during the year 1932.

The insurance agency became financially embarrassed in January, 1932. It was then not able to meet its obligations to various insurance companies which it represented. On January 27, 1932, it invited its insurance creditors to meet in Opelousas on February 7, 1932, to consider…