Legal Opinion
Anderson v. Massachusetts Mutual Life Insurance
Appellate Division of the Supreme Court of the State of New York
Decided November 13, 1980PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
WlTMER, J.
The principal question presented on this appeal is whether an owner of real property subject to a mortgage may require a beneficiary of a life insurance policy to contribute pro rata to the payment of a loan when the mortgage and the life insurance policy both are conveyed as collateral security for the loan and when the creditor releases the life insurance policy to the beneficial owner thereof.
This action was begun for a declaration of the rights of the parties with respect to the application of two collateral security assets toward payment of the secured debt.…
2Cases cited10 opinions
- Jemzura v. JemzuraNew York Court of Appeals · 1975
- People v. E. Remington & SonsNew York Court of Appeals · 1890
- Wagner v. ThieriotAppellate Division of the Supreme Court of the State of New York · 1922
- Wagner v. . ThieriotNew York Court of Appeals · 1923
- American Bank & Trust Co. v. LichtensteinAppellate Division of the Supreme Court of the State of New York · 1975
5 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- In Re Emergency Beacon Corp.District Court, S.D. New York · 1985