First National Bank v. Bedford Chevrolet Co.

The Hall Motor Sales was a Michigan corporation with offices in Ypsilanti and with defendants W. P. and Wm. J. Wink as stockholders. It dealt in Buick cars. In March, 1927, it began to borrow money from plaintiff bank and in July, 1927, the defendants together with J. E. Hall delivered to the bank an instrument guaranteeing notes signed by the Hall Motor Sales.

November 18, 1931, the company amended its articles of incorporation by changing its name to Bed-ford Chevrolet Company and moved its office to Detroit. On December 30, 1931, the company under its old name gave the bank a 30-day…