S. T. McKnight Co. v. Tomkinson

Hilton, Justice.

Appeal by plaintiff from orders discharging the garnishee and refusing to vacate that discharge.

February 16, 1940, the date of the garnishment summons, defendant, Tomkinson, was liable as endorser upon two promissory notes made by the Diamond Tire Sales, Inc., now bankrupt, of which he is president, payable to the garnishee bank on which the principal due aggregated $5,373.06. As collateral for one of the notes, certain uncollected accounts receivable of Diamond, having a face value of $6,029.02, had been pledged. As additional collateral, the garnishee held a note for $5,000…