Bingham v. Bingham

LEHAN, Judge.

In this dissolution of marriage action an ex-wife appeals from the trial court’s determination that she is responsible to her ex-husband for repayment of a loan of stock made by the husband to the wife during the marriage. The stock was to provide financing for the wife’s incorporated food catering business. The husband had pledged the stock as collateral for two bank loans which were made to the wife and that business. The wife contends that the trial court erred in (1) characterizing the transaction as a loan of the stock to the wife, (2) in determining that the amount to be…