Holt v. United Security Life Insurance & Trust Co.

The opinion of the court was delivered by

Reed, J.

This action was brought to recover damages for an asserted breach of a contract entered into by the United Security Life Insurance and Trust Company with the plaintiff, Holt. By the terms of this contract the trust company was to loan the plaintiff $32,500.

The action was brought, first, for the repudiation of the contract by the trust company; secondly, for damages arising after its repudiation of the contract, for defendant’s refusal to cancel two mortgages given by the plaintiff to secure the mentioned loan.

At the close of the plaintiff’s…