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UNITED AMERICAN LIFE INSURANCE COMPANY v. URMAN

No. 70-576.

495 P.2d 1158 (1972)

UNITED AMERICAN LIFE INSURANCE COMPANY, Plaintiff-Appellant, v. Ernest URMAN, Defendant-Appellee.

Colorado Court of Appeals, Div. II.

April 11, 1972.

Attorney(s) appearing for the Case

R. D. Charlton, Stanley T. Wallbank, Denver, for plaintiff-appellant.

Van Cise, Freeman, Tooley & McClearn and Michael J. Holloran, R. Dale Tooley, Denver, for defendant-appellee.

Not Selected for Official Publication.

SILVERSTEIN, Chief Judge.

Appellant, United American Life Insurance Company (United), brought this action to recover a debt alleged to be due from appellee Urman. The debt arose from a "Financing Agreement" under which United agreed to "advance as a loan" to Urman an agreed sum each month. Urman, in defense, asserted that his obligation to pay, if any, was limited to payment out of commissions earned by him as an agent...

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