Allen v. Gaar

MILLS, Judge.

Charles Y. Allen sold to E. A. Gaar his half interest in a restaurant operated by them in Ruston. In payment of same he accepted a note for $809, dated September 4, 1930, made by Gaar and his wife and indorsed as an accommodation by C. C. Alley, L. E. Williamson, J. W. Liner, Glen L. Shadow, E. J. Woodard, L. B. Gaar, R. H. Eeatherstone, and H. H. Hines. To secure these indorsers in the event of his death, Gaar, the maker, attached to the note, and delivered to its payee, life insurance policy for $1,000 in the Order of Maccabees, in which his wife appears as beneficiary. This…