Policyholder'S Natlional Life Insurance v. Nelson

MISER, C.

Appellant insurance company sues defendant on his promissory note for $224.50, given to one Aldrich, its agent, of which note appellant claims to be the holder in due course.1 This note was dated July 19, 1923, and) came due on December 1, 1923. The answer alleges that Aldrich falsely represented to de*608fendant that, if the defendant would give' a note for one year’s premium, the defendant would receive a policy for life insurance in the sum of $5,000, which policy, in all respects, would be the same as the life insurance policies then being written by old line life insurance…