Ann Arbor Bank v. Stegeman

This separate opinion is being written because the writer believes that there is one issue not determined by the trial court which should be remanded to it for that purpose.

This is the third issue raised by defendant Lois U. Stegeman:

"Is a wife obligated to pay debt executed by her husband under a power of attorney dated July 12, 1961, authorizing the husband to 'borrow money in my name and to pledge my securities and other personal property for such loans’ when the proceeds of the borrowing are not used for her personal estate?”

This issue is predicated on an affirmative defense filed by the…