Manhattan Life Ins. v. Wright
Court of Appeals for the Eighth Circuit
Appeal from the Circuit Court of the United States for the District of Colorado. This is an appeal from a decree to the effect that the complainant below, the appellee here, Kate R. Wright, is entitled to redeem an insurance policy for $5,000 from a mortgage to the appellant, the defendant below, the Manhattan Life Insurance Company, and to recover from the latter $4,239.43, the difference between the face of the policy and the amount of two notes made by the defendant.
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Appeal from the Circuit Court of the United States for the District of Colorado. This is an appeal from a decree to the effect that the complainant below, the appellee here, Kate R. Wright, is entitled to redeem an insurance policy for $5,000 from a mortgage to the appellant, the defendant below, the Manhattan Life Insurance Company, and to recover from the latter $4,239.43, the difference between the face of the policy and the amount of two notes made by the defendant. This decree is based upon this state of facts: On Decern-, ber 6, 1897, the plaintiff held a policy for $5,000 on the life…
1Opinion of the CourtSanborn, Circuit Judge
Prior to December 6, 1897, the complainant, Kate R. Wright, was the beneficiary in a policy of insurance of $5,000 upon which nine annual premiums had been paid, whereby, by the terms of the contract, she was entitled to a paid-up policy for $4,500. She made her note whereby she promised to pay $350 to the defendant on November 27, 1898, and she, together with her husband, the insured, assigned her policy and her rights thereunder to the company as collateral security for the payment of this note. This assignment contained a condition that, if the principal sum and the interest specified in…
2Cases cited32 opinions
- Singer Manufacturing Co. v. June Manufacturing Co.Supreme Court of the United States · 1896
- Tilghman v. ProctorSupreme Court of the United States · 1888
- Kimberly v. ArmsSupreme Court of the United States · 1889
- Saxlehner v. Eisner & Mendelson Co.Supreme Court of the United States · 1900
- Chicago v. SheldonSupreme Court of the United States · 1870
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3Cited by39 opinions
- Cole v. Industrial Fibre Co.Supreme Court of North Carolina · 1931
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- Eastern Air Lines, Inc. v. Gulf Oil Corp.District Court, S.D. Florida · 1975
- Wastun v. Lincoln Nat. Life Ins. Co. of Ft. Wayne, Ind.Court of Appeals for the Eighth Circuit · 1926
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