Security Life Insurance v. Jennings

JOHNSON, District Judge.

This cause was submitted to the Court without a jury on the issues as made up by the pleadings and the proof. Upon consideration of this evidence, consisting of the testimony, both oral and by deposition, of the several witnesses, together with the numerous exhibits thereto, this Court now proceeds to make and enter the appropriate findings of fact and conclusions of law, embodying the same in this memorandum opinion.

On November 11, 1960, Security Life Insurance Company of America, acting through its president and principal stockholder, Prank Leu, purchased from the…