McCorkle v. Hamilton

BROWN; Justice.

Appellee, Marie B. Hamilton, a feme sole, made a contract with Lloyds America, in the year 1929, whereby she, under what is familiarly known as a “Lloyds Plan”, agreed to become one of the insurance underwriters of such insurance company, and she executed her promissory notes payable on demand to the attorneys in fact, who were acting for said company, in the sum of $5,000. One note so executed was for the sum of $1,500, and was a nonnegotiable note. The other note is for the sum of $3,500, payable on demand after thirty days’ notice, and is a negotiable note, secured by a deed…