Corley v. McGaugh

In this action for money had and received, plaintiff sought to recover a sum of money, plus interest, allegedly loaned to defendant. The court-tried cause was found against plaintiff on his money claim, for defendant on his counterclaim for return of 100 shares of bank stock held by plaintiff as security for a previous loan made to defendant, and for defendant on defendant Fern (McGaugh) Bowden’s cross-petition.1

The trial judge found that two separate loans, given at separate times, were made by plaintiff. The first loan of $4,500 to defendant was secured by 100 shares of bank stock. The…