Michigan Mutual Life Insurance v. Bowes

There are no disputed facts in this case. On the fifteenth day of November, 1873, the plaintiff in error issued to Mary E. Bowes, the defendant in error, a policy of insurance by which the payment of ten thousand dollars was assured to her on the death of her husband, William B. Bowes, in consideration of the payment of an annual premium of four hundred and thirty-*21four dollars and eighty cents. Mr. Bowes himself effected the insurance, and instead of paying the first premium in money, gave his note therefor. November 15, 1874, the second premium was paid, and the note which was given for the…