Hendricks v. Reeves

Citations

• 2 Pa. Super. 545
• 1896 Pa. Super. LEXIS 82

Syllabus

<p>Wagering contract — Assignment of policy on wife's life to husband?$ creditor.</p> <p>The assignment of a policy of life insurance taken out by a wife on her own life, though made in good faith, to a person who has no insurable interest in the life, would be a wagering contract and contrary to the policy of the law.</p> <p>The policy being in favor of the husband and assigned to the assignee in consideration of money loaned to him on the faith of the assignment, the assignee is so far to be protected as to be permitted to retain the money actually advanced on the credit of the assignment.</p>