Case Name: Mary Marsh, Appellant v. William R. McNair, Respondent
Court: New York Supreme Court, General Term
Jurisdiction: New York
Decision Date: 1881-10
Citations: 32 N.Y. Sup. Ct. 314
Docket Number: 
Parties: Mary Marsh, Appellant v. William R. McNair, Respondent.
Judges: 
Reporter: Supreme Court Reports (Hun)
Volume: 32
Pages: 314–314

Head Matter:
Mary Marsh, Appellant v. William R. McNair, Respondent.

Opinion:
Judgment reversed and new trial ordered, costs to abide event. Held, that parol evidence was admissible to show that the assignment of the policies, although absolute in form, was intended as a pledge or as collateral security (Matthews v. Sheehan, 69 N. Y., 585, and cases there cited on page 590), and that the evidence clearly established the fact of such intent on the part of Mrs. Marsh, and also on the part of Col. IJosmer, who, upon the uncontroverted testimony, is to be regarded as the agent of the defendant's assignor.