ROGERS v. FIRST NATIONAL BANK OF BIRMINGHAM

6 Div. 440.

211 So.2d 796 (1968)

William O. ROGERS v. FIRST NATIONAL BANK OF BIRMINGHAM.

Supreme Court of Alabama.

June 13, 1968.


Attorney(s) appearing for the Case

Weir & Shannon, Birmingham, for appellant.

Cabaniss, Johnston, Gardner & Clark and Drayton T. Scott, Birmingham, for appellee.


SIMPSON, Justice.

The appellant's father, O. H. Rogers, borrowed $25,000 from the First National Bank of Birmingham on January 24, 1957. Appellant endorsed this note and at the same time executed an assignment to the bank of a life insurance policy on the life of his father, which was owned by appellant, such policy being issued by Protective Life Insurance Company bearing the number 196905. The policy had a face value of $50,000.

Thereafter the $25,000 note...

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