Owen County State Bank v. Guard

This was an action brought by the appellee to recover the proceeds of a certificate of deposit, which was issued to her by the Citizens Bank of Freedom, Indiana, for the face amount of $1,000.00, and which was applied by the appellant, the successor of said Citizens Bank, to the payment of a note executed by Samuel R. Guard & Company, Inc.

According to the special finding of facts, the appellant, the appellee, Samuel R. Guard, the husband of the appellee, and said corporation entered into an agreement, on April 21, 1933, under the terms of which agreement the appellant loaned said corporation…