Hlubocky v. Schramel

In December, 1933, the parents of plaintiff owed defendant Schramel the sum of $375, evidenced by a negotiable promissory note made by them and secured by five shares of the stock of the defendant building and loan association. The stock was issued in the name of plaintiff, who was a minor. The mother of plaintiff signed plaintiff’s name to these certificates (adding her own name) and delivered them to defendant as collateral for the note. The note was renewed several times, and on December 16, 1935, a new note was executed in the sum of $311.28; this being the balance due. The makers of the…