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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