FIRST FEDERAL SAV. & LOAN v. ALA. NAT. BANK

Civ. 1711.

372 So.2d 350 (1979)

FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF HAMILTON, Alabama v. The ALABAMA NATIONAL BANK OF MONTGOMERY, Alabama, a corporation, Oscar F. Pugh, Administrator of the Estate of Excel B. Pugh, Deceased.

Court of Civil Appeals of Alabama.

June 20, 1979.


Attorney(s) appearing for the Case

John D. Self, Hamilton, for First Federal Sav. & Loan Assn. of Hamilton, Ala., appellant, cross-appellee.

J. Douglas McElvy, Tuscaloosa, for The Alabama Nat. Bank of Montgomery, appellee, cross-appellant.

Nelson Vinson, of Vinson & Guyton, Hamilton, for appellee, Oscar F. Pugh, Administrator of the Estate of Excel B. Pugh, deceased.


WRIGHT, Presiding Judge.

This controversy arose out of the following facts: Plaintiff was appointed administrator of his son's, Excel Pugh's, estate on December 2, 1974. At the time of his death, Excel Pugh owed Alabama National a debt which was insured by a credit life policy. The insurance proceeds exceed the balance owed on the debt by $2,501. On February 10, 1975, after receiving notice of death and inquiry as to the benefits of the policy, Alabama National issued...

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