Hatch v. Turner

On May 7, 1941, George E. Turner, Jr., of Honey Grove, Texas, a flying cadet in the air forces of the United States stationed at Stockton, California, bought an automobile from Hatch Chevrolet Company, a corporation, of that place, conditioned on his final payment of a purchase price balance of $1,188.08 in 24 monthly installments.

As a part of the transaction, Turner purchased a life insurance policy from a California company in the sum of $1,188.08, at a premium of $42.80. This, policy was for the benefit of both Turner and Hatch Chevrolet Company and was payable to the latter as “creditor…