Hall v. Planters State Bank

Opinion by

LYONS, C.

Finch was the owner of a stock of merchandise covered by insurance. The stock was destroyed by fire. His claim for insurance, based on a policy issued by the Liverpool & London & Globe Insurance Company, bad been allowed by the company in the sum of $1,717.67, hut the claim had not yet been paid. Finch made an assignment to Hall, plaintiff in error, of the entire amount. The consideration for this sale of what amounted to cash was the cancellation o-f an indebtedness owed to Hall.in the sum of $360, the payment by .Hall to the Rock Island Implement Company of $500, and the…