Case ID: how-pr_4/html/0445-02.html
Source: Caselaw Access Project
Author: {"author": "", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

John F. J. Deraisemes, plaintiff in error, vs. The Merchants’ Mutual Insurance Co., defendants in error.
    
      '—Judgment affirmed.
    
    Charles O’Conor, for plaintiff in error;
    Daniel 'Lord, for defendants in error.
   This case decided that premium notes taken for premiums in advance, by a mutual insurance ■ company, in pursuance of its charter, were valid for the whole face thereof, although the premiums on insurances actually received by the maker, amounted to only a part of such note. The consideration in such notes may be upheld, &c. (Reported, 1 Comstock, 371.)