LONE STAR LIFE INSURANCE COMPANY v. Kunath

DIXON, Chief Justice.

Appellee F. Earl Kunath recovered judgment for $1,400 against appellant Lone Star Life Insurance Company for breach of a written contract of employment dated March 21, 1956, whereby appellant had engaged the services of appellee as an insurance salesman.

The contract contained this provision: “The Company agrees to advance to the said Agent $400.00 monthly, payable $200.00 on or about the fifth and $200.00 on or about the twentieth of each month, so long as said Agent’s services are satisfactory to the Company. The Company agrees to accept as sole security for such…