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JEFFERSON v. ALASKA 100 INS., INC.

No. S-984.

717 P.2d 360 (1986)

Lawrence T. JEFFERSON, Mary C. Jefferson, Appellants, v. ALASKA 100 INSURANCE, INC., an Alaska Corporation, Appellee.

Supreme Court of Alaska.

As Amended May 13, 1986.

Attorney(s) appearing for the Case

Thomas A. Miller, Fairbanks, for appellants.

William B. Schendel, Schendel & Callahan, Fairbanks, for appellee.

Before RABINOWITZ, C.J., and BURKE, MATTHEWS, COMPTON and MOORE, JJ.

OPINION

BURKE, Justice.

Lawrence Jefferson appeals from Judge James Blair's decision that Alaska 100 Insurance Company (Alaska 100) was entitled to the proceeds of a sale of property owned by Jefferson. Jefferson had secured a confession of judgment, executed by his joint venturer in favor of Alaska 100, with a deed of trust to the property. In exchange, Alaska 100 was to procure workers' compensation insurance for Big Four Construction Company (Big Four...

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