California Court of Appeal April 2, 1965, Civ. 458 (Anaheim Builders Supply, Inc. v. Lincoln National Life Insurance)

CONLEY, P. J.

Anaheim Builders Supply, Inc., a corporation, sued The Lincoln National Life Insurance Company for the face amount of a $30,000 insurance policy written on the life of Louis O. Palm, one of its key officers. The insurance company defended on the ground of the knowing falsity of, and material concealment by, Mr.