Arch Building & Loan Ass'n v. Schlesinger

Citations

• 69 Pa. Super. 107
• 1918 Pa. Super. LEXIS 22

Syllabus

<p>Husband and wife — Wife as surety — Bond—Building and loan association — Mortgage.</p> <p>Where a married woman takps title to real estate which is subject to a building and loan association’s mortgage, and in consideration of the transfer to her of certain shares of the association, pledged to secure payment of the mortgage, executes a bond under seal, without her husband, to the association, conditioned for the payment by her of the contribution on the stock, and the performance of the covenants and stipulations in the bond accompanying the mortgage, the woman’s liability on the bond executed by her under seal, is a direct obligation, and not a contract of suretyship.</p>