Shipman v. Wright

G. G. Wright, as receiver of United Home Builders of America, brought three separate actions against V. E. and H. T. Shipman, each predicated on a promissory note-and to foreclose the lien of a trust deed on separate parcels of real estate given to-secure the payment of the notes respectively. The suits were consolidated, and, on trial, judgment was rendered for plaintiff on an instructed verdict, from which defendants appealed.

The Home Builders was a co-operative loan association, founded upon a declaration of trust and operated under the supervision of the state department of insurance and…