Chidester v. Yard
Chidester v. Yard
Opinion of the Court
This issue was framed to determine the ownership of a fund raised by the payment into court by the Equitable Aid Union of the amount of a certificate or policy issued by it on the life of Francis Vance.
The certificate was taken out by Mrs. Vance. At the time of her death it was held by the plaintiff, and she was the beneficiary named therein. The executor of Mrs. Vance claims the
The judgment is affirmed.
Reference
- Full Case Name
- Chidester v. Yard, Exr.
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- 1 case
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- Syllabus
- Beneficial associations—Payment of premiums—Wagering policy—Evidence. In an action to determine the ownership of the proceeds of a benefit certificate between the executor of the assured and the beneficiary, where there is uncontradicted evidence that the money with which the assured paid premiums to the beneficial association was furnished by the beneficiary who had no insurable interest in the life of the assured, but the evidence is conflicting as to whether the money was furnished for the express purpose of paying the premiums, or as a mere general loan or gift, the case is for the jury.