Labovitz v. Gulf American Fire and Casualty Co.

THAGARD, Presiding Judge.

These are consolidated appeals from two decrees rendered by the Circuit Court of Montgomery County in cases thereon docketed as 37811 and 37812.

In the fall of 1969, a real estate agency in Montgomery, Alabama, called the Chambless Agency, Inc, became insolvent, and four clients whose properties were managed by the agency brought suit and obtained judgments against the agency. Those four judgment creditors; namely, Harry Labovitz, McCall Revercomb, Richard A. Ball, and Wesley and Marvin Wade, brought this appeal.

Pursuant to Tit. 46, § 311(5), the agency, with appellee…