Baxter v. Gormley

Bell, Justice.

A married woman executed to a bank a note for a debt of her husband, pledging as security corporate stock, her individual property. The stock was later sold, and the proceeds applied as a partial payment. In a suit against her by the bank to recover the alleged balance, she pleaded as a defense, the assumption of her husband’s debt, and by cross-action sought a common-law judgment for the amount of the partial payment. See Baxter v. Bank of Grantville, 48 Ga. App. 458 (172 S. E. 810). Pending this action the bank failed and went into the hands of the superintendent of banks as…