Farmers Life Insurance v. Ignacio State Bank

A demurrer to the insurance company’s complaint was sustained and it brings error. The action was to secure preference for. plaintiff’s $5,000 deed of trust over one for $6,200 made to the bank and held by it, “or its agents or officers. ’ ’ The complaint alleges that plaintiff sent the defendant its check for $5,000 with an abstract of title of the mortgaged land and other papers with explicit directions, among which were to procure “full satisfaction of the present loans against the place as shown in our attorneys ’ opinions, also obtain a good and sufficient release of each lien” * * * and…