Bonga v. Bloomer

This is an action to recover on 2 promissory notes. Defendants were partners in a rental furniture business in Grand Rapids. Plaintiff is the. survivor of her husband, both of whom were named joint payees in two promissory notes executed and delivered to them by the defendants. The first note was dated January 3, 1956, and the second note was dated April 15, 1957. Both notes were secured by a chattel mortgage on tangible personal property, the same property serving as collateral for both notes. On July 15, 1960, the first mortgage was foreclosed, the payees took possession of the collateral,…