Abrams v. Citizens Building & Loan Ass'n
Supreme Court of Arkansas
Appeal from Pulaski Chancery Court; Jno. E. Martineau, Chancellor; 1. The accountant Hennegin erred in the manner in which he estimated the amount due upon the stock and loans. He also failed to give credit for numerous payments made, and the court erred in following his findings and report as to the amount due.
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Appeal from Pulaski Chancery Court; Jno. E. Martineau, Chancellor; 1. The accountant Hennegin erred in the manner in which he estimated the amount due upon the stock and loans. He also failed to give credit for numerous payments made, and the court erred in following his findings and report as to the amount due. The accountant did not make the estimate in accordance with the rule laid down by this court as to delinquent borrower's. 62 Ark. 572. The amount due upon loans totaled $7,510.73. Prom this should be deducted the credits for amounts paid; the Green loan, Sawyer notes and rents…
1Opinion of the CourtMcCulloch, C. J.
Appellee is a corporation, domiciled at the city of Little Rock, engaged in business as a building and loan association according to the plan peculiar to that character of business. Its business is governed by certain by-laws, and it issues stock from time to time in series to be matured by payment of monthly dues of the members and the accumulation of interest from borrowers. Maggie G. Abrams, one of the appellants, took stock in the Association and borrowed money on the stock and mortgaged certain real property in the City of Little Rock to secure the payment of the loans. Her husband, C.…
2Cases cited3 opinions
- Roberts v. American Building & Loan Ass'nSupreme Court of Arkansas · 1896
- Taylor v. ClarkSupreme Court of Arkansas · 1905
- Hough v. MaupinSupreme Court of Arkansas · 1905
3Cited by3 opinions
- Crawley v. NealSupreme Court of Arkansas · 1922
- Gate City Building & Loan Ass'n v. FrisbySupreme Court of Arkansas · 1928
- Brown v. Merchants Planters Bank Trust CompanySupreme Court of Arkansas · 1941