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HON. SVGS & LOAN CO., LTD. v. REED

NO. 2884.

40 Haw. 269 (1953)

Honolulu Savings and Loan Company, Limited, a Hawaiian Corporation v. Albert G. Reed and Mary C. Ing.

Supreme Court of Hawaii.

Decided July 9, 1953.

Attorney(s) appearing for the Case

H.Y.C. Choy (Fong, Miho, Choy & Chuck on the briefs) for plaintiff in error Mary C. Ing.

R.G. Hogan and R.E. Stifel (Hogan & Dyer and Anderson, Wrenn & Jenks with them on the briefs) for defendant in error Honolulu Savings & Loan Co., Ltd.

TOWSE, C.J., LE BARON AND STAINBACK, JJ.

OPINION OF THE COURT BY STAINBACK, J.

A suit in equity was filed on March 14, 1950, by the Honolulu Savings and Loan Company, Limited, assignee of Earl Frost Baker and Elizabeth Davidson Baker, on a note and mortgage securing the same, in the sum of $12,000 executed by Albert G. Reed and Mary C. Ing to the Bakers. This note and the mortgage were given to secure an ante cedent debt of Reed to the Bakers.

Reed had been...

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