Renihan v. Piowaty

M. Piowaty and Sons was a corporation organized in 1912, and doing business at Grand Rapids, Michigan. The corporation had, on various occasions, borrowed money from George E. Ellis, a private banker, who died in February, 1921. At the time of the latter’s death, the corporation was indebted to the banker on two promissory notes, one for $4,000, and the other for $8,500. The first became due October 4, 1921, and the latter on December 1, 1921.

After the death of the banker the appellant herein, as administrator of Ellis’ estate, continued to conduct the business of the bank for the purpose of…