Nolte v. Southern California Home Building Co.

LEONARD, J., pro tem.

This is an appeal from a judgment in favor of the defendants in an action upon a promissory note for $34,500, executed by the defendant, Southern California Home Building Company, a corporation, hereafter called the company, and guaranteed by the defendants, J. B. Coker and Regina W. Coker. They were president and secretary respectively, of the company and owned practically all of its capital stock.

Appellant had, from time to time, for a number of years, loaned money to respondents. On October 1, 1932, the respondents’ joint indebtedness to appellant amounted to the total…