James Employees Credit Union v. Hawley

A promissory note for $801.07 dated September 14, 1954, was given by the defendants to the plaintiff in consideration of a loan for such sum by the plaintiff to the defendant Hawley. The note was signed by Marion Hawley as “Maker” and by Dr. Frank W. Schneider as “Comaker.” After having been induced by Hawley to sign the note and before signing it, Dr. Schneider communicated with a representative of the plaintiff Credit Union and learned that payments would be made by pay-roll deductions from Hawley’s wages at the rate of $20 per week. Hawley terminated his employment with James Manufacturing…