Peters v. Binnard

THE COURT.

The above two cases, over the protests of appellants, were consolidated by the trial court and a single judgment rendered therein, from which judgment this appeal has been taken. The facts developed at the time of the trial are as follows:

In the year 1928 one Louisa G. Wood was the owner of four promissory notes aggregating $24,200 secured by deeds of trust on certain pieces of real property, which notes had been executed by the Peters-Rhoades Company as maker. Peters, respondent in both actions, owned substantially all of the stock in this company.

On April 3,-1928, Mrs. Wood…