Sherman v. Connecticut Mutual Life Insurance

The pertinent facts are that in February, 1907, the plaintiff delivered to one George E. Williams two notes, each for $500, blank as to the payee, a policy of insurance upon his life and an assignment thereof blank as to the assignee, for the purpose of securing a loan of $1,000 which Williams made to him. Williams by forgery raised one note to $1,500 and delivered it together with the other note, the policy of insurance and the assignment, to the defendant Stanley, from whom he obtained $2,000. Later, in April, 1910, Williams paid Stanley $2,000, thereby terminating the latter’s right to…