City Finance Co. v. Kloostra

On August 18,1969, defendant and her husband, Harold J. Kloostra, co-signed a promissory note payable to plaintiff’s predecessor. That note evidenced a loan of $472.24 by the latter to the former. At the time she signed the note defendant had no separate estate. An automobile was purchased with the proceeds of the loan. On November 6, 1970, defendant and Harold were divorced. As of January 18, 1971, there was a balance due on the loan of $400.12. By this time Harold had departed for parts unknown — taking with him the automobile purchased with the proceeds of the loan of August 18, 1969. Suit…