CECIL, Senior Circuit Judge.
This is an appeal from a judgment against the defendant-appellant, Life Insurance Company of North America, in favor of plaintiff-appellee, John A. Lee, in the United States District Court for the Eastern District of Tennessee. The case was tried to the Court on an agreed stipulation of facts.
Briefly stated, the pertinent facts are as follows: On or about March 1, 1969, Arcata National Corporation purchased from the appellant...
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