Peoples Savings & Dime Bank & Trust Co. v. Scott

Opinion by

Mr. Justice Walling,

In May, 1926, the defendant, Edward B. Scott, conveyed a house and lot in Scranton to his wife, Mary G. Scott, also a defendant, the title passing through the name of a third party. At the time, Scott’s liabilities, partly contingent, amounted to approximately $11,000, four thousand of which was as endorser on notes held by the plaintiff bank. Both under the general law (12 R. C. L. 498) and under the statute (see Act of May 21, 1921, P. L. 1045, 1046, concerning Fraudulent Conveyances, etc.) a contingent liability has the same status as one that is fixed. Some…