Johnson v. Johnson

Opinion op the Court by

Stanley, Commissioner

Reversing.

Early in 1929, Goalder Johnson was indebted to his half brother, Olney Johnson, who was also his surety on several obligations. Mrs. Kate Webb Johnson, wife of Goalder Johnson, borrowed $1,600 from Usher & Gardner, a corporation, of which Ed Gardner was president and manager. Gardner had agreed to lend her the money, conditioned that Olney Johnson sign her note as surety; that she execute a trust deed or mortgage on certain property in Tennessee; and that a policy of insurance on the life of Goalder Johnson be assigned to him to secure the…