Seip Et Ux. v. Laubach

Opinion bx

Mr. Justice Drew,

On May 29, 1929, Howard H. Laubacb, the defendant, borrowed $8,000 from Thomas H. Seip and Jennie S. Seip, the plaintiffs, and gave his judgment note for that amount. In 1932 judgment was entered on the note and an attachment execution was issued on March 30, 1936, against the Cement National Bank and against Howard H. Laubach individually and as executor of his father’s estate. At the time this attachment issued defendant was indebted to the bank in the sum of $33,227 ($25,875 as maker and $7,352 as endorser of various notes). Originally the bank held as security…