Misrepresentation as to the identity of the adversary party is rarely innocent, but, on analogy to fraud and mistake, it would seem to be material whenever it was found to exist. If, however, several persons alleged in good faith that they have formed a life insurance company, when, in fact, they have not complied with the law so as to make even a de facto corporation, it is said that.a member of said company who has paid his dues and assessments can not recover them, since, even if such organization were only a voluntary association, their promise to insure was a sufficient consideration for such payments.1