John Fletcher College v. Estate of Pailing

On or about June 22, 1921, Mrs. Maggie Pailing, of Greenwood, Nebraska, a married woman living with her husband, pledged $500 to Central Holiness University and gave her note therefor as follows:

“$500.00. June 22, 1922.

“5 years after date I promise to pay to the order of Central Holiness University, University Park, Iowa, Five Hundred Dollars with interest at the rate of five per cent, from date, for value received.

“Mrs. Maggie Pailing.

“Address — Greenwood, Nebr.”

By amendment of the articles of incorporation of the payee, the name of the payee was changed to that of plaintiff, which is the…