SECURITY INS. CO. v. MANGAN

[No. 241, September Term, 1967.]

250 Md. 241 (1968)

242 A.2d 482

SECURITY INSURANCE COMPANY OF NEW HAVEN — THE CONNECTICUT INDEMNITY COMPANY v. MANGAN, ET AL.

Court of Appeals of Maryland.

Motion for rehearing filed July 1, 1968.

Denied July 16, 1968.


Attorney(s) appearing for the Case

George Molnar, with whom was George H. Eggers on the brief, for appellant.

No brief filed for appellees.

The cause was argued before HAMMOND, C.J., and MARBURY, BARNES, FINAN and SINGLEY, JJ.


SINGLEY, J., delivered the opinion of the Court.

On 26 July 1965, Eldorado Dev., [sic] Inc. (Eldorado), borrowed $1,976.21 from The National Bank of Washington (the Bank) to finance the purchase of an automobile. The borrowing was evidenced by Eldorado's note, signed by John W. Mangan and his wife, Helen H. Mangan, in their respective capacities as president and secretary-treasurer of Eldorado. The note called for 17 monthly payments of $110.00 each and a final payment...

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