Continental Insurance v. Peden

Opinion op the Court by

William Rogers Clay, Commissioner

Reversing.

On July 16th, 1908, appellant, Continental Insurance Company of New York, issued to appellee, Gr. Gr. Peden, a policy of fire insurance covering his house and household furniture and kitchen furniture. The policy was to run for a period of five years. Appellee delivered to appellant one promissory note for $9.30, due and payable on January 1st, 1909, and another note for $37.20, payable in annual installments of $9.30 each, on the 1st day .of September of each year thereafter for a period of four years.

The note in question…