Building & Loan Ass'n v. Jones

Citations

• 32 S.C. 308
• 10 S.E. 1079
• 1890 S.C. LEXIS 53

Syllabus

<p>1. Where a married woman, through her husband as agent, makes applica- . tion for a loan of money, and the lender has no notice that the money is not for her own use, it becomes a part of her separate estate, and therefore her bond for its repayment is a binding contract upon her which she may secure by a valid mortgage on her lands.</p> <p>2. Where a married woman borrows money which is used in part in paying obligations binding upon her separate estate, the fact that she afterwards permitted her husband to use the remainder for his own purposes furnishes no evidence that the lender knew that such an appropriation was purposed.</p> <p>3. A question raised by the answer, but not passed upon in the Circuit decree, considered.</p> <p>4. A married woman may take and hold stock in a corporation, e. g., a building and loan association.</p> <p>5. General exceptions, pointing out no specific errors, and points raised only in argument, not considered.</p>