Jordan v. New York Life Ins. Co.

MILLS, Judge.

As stated in our original opinion, the issues in this case are those of consideration for the assignment and its effect.

Upon a re-examination , of the record we are now satisfied that the payment by the assignee of the note given by the insured for the first premium was a valid and a contemplated consideration for the assignment. The evidence shows that this note was not' paid for the insured, but as a part of the obligation of the assignee under the assignment. As there was no debt or obligation owing to the assignee by the insured, the assignment could not have been intended…