Rountree v. Frazee

This appeal is to review a final decree of the Circuit Court of Dallas County, in Equity, which gave appellee relief on her complaint to recoup a sum of money on a life insurance policy which was assigned to a mortgage creditor and upon death of the insured, the amount of the policy was paid to the creditor.

We now advert to the undisputed facts leading up to the litigation. Appellee and the insured, William Josiah Rountree, were man and wife when the Equitable Life Assurance Society of the United States on April 6, 1956, issued a life insurance policy in the sum of $15,000 on the life of the…