The Forum Volume 1-2

The Forum Volume 1-2

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1874 edition. Excerpt: ...plaintifi"s agency for cause alleged, on the 23d of January, 1373, and the plaintiff brought suit to recover what his right to commissions on future premiums was supposed to be worth. The court dc' cided that without passing upon the question as to whether the plaintiff had forfeited his rights under the contract, he was only entitled to claim his commissions when the premiums had been received by the company, and that there was nothing in the contract binding the company to pay the commuted value of the right, and no evidence of any obligation on its part to pay such commuted value arising from any usage or custom, and directed a verdict to be rendered for the defendant. The plaintiff noted an appeal. Hon. Reverdy Johnson and Edward Higgins for plaintifl', and Marshall and Fisher for the defendant. 11.---In the Superior Court, before Judge Dobbin, the case of Mrs. M. C. Busby v. the North American Life Insurance Company, to recover $5,000 on a life insurance policy upon her husband, will, in all probability, be finally disposed of today. On Friday the various propositions of law were submitted by counsel and fully argued. Judge Dobbin then reviewed the authorities, and said that under the policy sued on in the case no power was given to the agent to receive premiums after the days of grace had expired, but the company expressly reserved to itself the power to make a new contract by reviving the policy; that after the termination of the days of grace the policy was dead, and could only be revived by the special authority of the company itself after a new medical examination by authority of the home ofiice. He also said that the company had done no act to waive the forfeiture, and that the agent's knowledge could not be...show more

Product details

  • Paperback | 302 pages
  • 189 x 246 x 16mm | 544g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 123695629X
  • 9781236956293