Stevens v. Liberty Loan Corporation of Jefferson

Liberty Loan Corporation sued L. Stevens and Clara M. Stevens to recover the unpaid balance of a promissory note. We will refer to the parties as they appeared in the trial court, or by name.

The defendants both co-signed the note in question on February 16, 1962. The note was given for a loan made by plaintiff to Beverly and Gary Loquist, the daughter and son-in-law of the defendants. The Loquists were not served with process in this action, and the judgment runs only against John and Clara Stevens.

John L. Stevens declared bankruptcy and was duly adjudged bankrupt prior to the bringing of…