Gray v. McCormick

C. O. McCormick, Substituted Trustee in Bankruptcy for Thomas J. Gray, instituted a suit against Gray and his wife attacking two transactions had between them on the grounds,—first, that Gray while insolvent had used his funds to construct a $5,000 home on a lot that belonged to Mrs. Gray; and, second, that he had while insolvent and without consideration transferred to her his policies of life *55insurance which had a cash surrender value of more than $4,000.

Mrs. Gray defended on the grounds that she paid from her own funds the entire cost of the home, and that she actually gave her husband…