(Download) "England v. Valley National Bank of Phoenix" by Arizona Supreme Court # eBook PDF Kindle ePub Free
eBook details
- Title: England v. Valley National Bank of Phoenix
- Author : Arizona Supreme Court
- Release Date : January 27, 1963
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 63 KB
Description
This is an action based on two promissory notes made by defendant-appellant in favor of the plaintiff-appellee on March 11, 1950. The first note, in the amount of $42,427.09, represented the unpaid principal due plaintiff on two notes made by the defendant in 1941 and 1942. The second note, in the amount of $14,413.43, represented the accumulated unpaid interest on these original notes. At the time the 1941 note was made by defendant, he agreed to maintain in force a life insurance policy, the proceeds of which were assigned to plaintiff as security for any indebtedness of defendant to the plaintiff. At the commencement of this action the plaintiff had made payments on this policy in the amount of $8,543.39 and, in addition to its action on the notes, it sought to recover this amount from the defendant. Following a trial to the court, judgment was rendered in favor of the plaintiff, and defendant appealed.