Traverse City State Bank v. Conaway

The defendants, husband and wife, signed a note as makers in return for a $9,843-.75 loan from plaintiff bank. All of the money was to be used in a business operated exclusively by the husband, John Conaway. The wife, Marion Conaway, received no separate consideration and signed as an accommodation to her husband. Subsequent to the execution of the note, but prior to institution of suit by plaintiff, John Conaway was adjudged bankrupt and was individually discharged.

Both plaintiff and defendants submitted the case to the trial judge on stipulated facts and moved for summary judgment. Although…