Tunley v. Beall

This is an action at law involving a part of the proceeds of the sale of 347 shares of stock of the M.P.E. Manufacturing Company.

Robert Fleming, the late husband of plaintiff, was an officer of the M.P.E. Manufacturing Company and defendant, George H. Beall, was a friend of Mr. and Mrs. Fleming for many years. In order to enable Mr. Fleming to acquire a stock interest in the company, the defendant on February 14,1944, loaned Fleming $3,000 on his personal note. With the money borrowed from the defendant, Fleming purchased 150 shares of stock in the company. The stock was issued to Fleming and…