Rison v. Wilkerson
Tennessee Supreme Court
KOM SHELBY. The complainants, the widow and children of John-W. Rison, deceased, filed this bill in the Chancery Court at Memphis, to recover of the defendants, merchants at Memphis, the proceeds of a policy of insurance, effected by the said' decedent in his life time upon his life. It seems that the insurance was effected by way of indemnity to the defendants for debts due them from the deceased, and that the policy had been regularly assigned by him to the defendants.
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KOM SHELBY. The complainants, the widow and children of John-W. Rison, deceased, filed this bill in the Chancery Court at Memphis, to recover of the defendants, merchants at Memphis, the proceeds of a policy of insurance, effected by the said' decedent in his life time upon his life. It seems that the insurance was effected by way of indemnity to the defendants for debts due them from the deceased, and that the policy had been regularly assigned by him to the defendants. The first and second premiums were paid by the deceased, after which he declined to pay any more, and the intervening…
1Opinion of the CourtCaruthers, J.
In the month of 'June, 1847, J. M. Rison effected an insurance of $2,000.00 upon his life, in the “Mutual Life Insurance Company of New York,” through its agent, A. S. Caldwell, at Memphis, for the term of seven years, at a certain annual premium. He died intestate, in February, 1852, leaving the complainants, consisting of his wife and children. In 1848, this policy was transferred with the assent of the agent, by assignment to the defendants, as collateral security for a note of $1097, given for a bill of goods then purchased from them. The said Rison having failed after the first year, to…
2Cited by7 opinions
- Farris v. Barclays American Financial, Inc. (In Re Farris)United States Bankruptcy Court, E.D. Tennessee · 1981
- American National Bank v. MacFarlandTennessee Supreme Court · 1961
- American Trust & Banking Co. v. TwinamTennessee Supreme Court · 1948
- AMERICAN NAT. B. & T. CO. OF CHATTANOOGA v. MacFarlandTennessee Supreme Court · 1961
- Hammers v. Prudential Life Ins. Co. of AmericaTennessee Supreme Court · 1948
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