Guilds v. Monroe County Bank

Viola S. Guilds as survivor of her husband, Harold Kenneth Guilds, brought suit against the defendant bank to recover funds on deposit in a joint savings account, payable to either, or to the survivor of them.

Defendant answered admitting the existence of such an account but claiming a right to setoff by reason of an indebtedness due to defendant based on certain promissory notes executed solely by the deceased husband. Defendant alleged that all the money was deposited by the husband and was solely money from his earnings and that no part of the money belonged to the survivor wife.

Thereafter,…