Nold v. Selmer Bank & Trust Co.

MATHERNE, Judge.

The plaintiff sues the defendant bank alleging breach of duty wherein the bank negligently or fraudulently failed to notify the plaintiff and her deceased husband that a policy of credit life insurance on the life of the deceased husband had lapsed prior to the death of the husband. The defendant life insurance company is sued for the alleged wrongful acts of its agent, Joe T. Hutcherson, vice-president of the defendant bank.

The lawsuit was tried on oral testimony before the chancellor without a jury. At the close of the plaintiff’s proof the chancellor granted the defendant’s…