Campbell v. Equitable Life Assur. Soc. of United States

Citations

• 130 F. 786
• 1904 U.S. App. LEXIS 4847

Syllabus

<p>1. Reference — Review of Findings — Effect of Stipulation.</p> <p>Under an agreement that findings of fact made by a referee shall have the same force and effect as the verdict of a jury, such findings cannot be reviewed by the court on exceptions.</p> <p>2. Contracts — Construction—Rights of Assignee.</p> <p>A provision of a contract between a life insurance society and an agent that “the said society may offset against any claims for commissions under this contract any debt , or debts due at any time by the said party of the second part to the society” construed, and held to apply only to such debts as arose out of the relation created by such contract, and not to entitle the society to offset against renewal premiums due thereunder advances made to the agent after the relation had ceased, and the agent’s rights under the contract had been assigned to a third person, of which the society had notice.</p>