Hack v. Metz

The opinion of the Court was delivered by

-Mr, Justice Bonham.

June 12, 1922, the Commonwealth Life Insurance Company (which we shall in this opinion speak of as the company), issued its policy contract whereby it insured the life of James C. Metz, an infant of the age of one year, in the sum of $250.00, with Frances B. Metz, mother of the infant, as beneficiary. *

C. S. Bowen, N. A. Hack and A. S. Thomas were engaged as partners in the business of buying up industrial policies of life insurance which had, or would soon have, a cash surrender value, and cash them in if the company assented. The…