Industrial Loan & Investment Co. v. Boul

SHANGLER, Judge.

The plaintiff Industrial Loan and Investment Company sued the defendants Boul on a promissory note. The defendants admitted the signatures on the instrument but counterclaimed that they executed the note as proxy for the plaintiff corporation for the purchase of a tract of land conveyed to the Bouls to be held for the corporation. The counterclaim tendered the deed to the tract to the plaintiff Industrial. The court, after evidence, gave judgment to the defendant on the petition and on the counterclaim and ordered that the Bouls convey the tract to Industrial by warranty deed.…