Lumbermen's National Bank v. Gross

Citations

• 37 Wash. 18
• 79 P. 470
• 1905 Wash. LEXIS 661

Syllabus

<p>Husband and Wife — Contracts—Joint Note — Consideration— Liability of Wife’s Separate Estate. The obligation of a husband as a member of a firm, to pay his pro rata share of the firm indebtedness, being a community debt, is a sufficient consideration for the joint note of the husband and wife, and for the transfer of the separate property of the wife to the husband’s partner, who had paid the firm debt out of his individual estate.</p> <p>Same — Assignment of Wife’s Separate Estate to Pay Joint Debt — Fraudulent Conveyances. The joint note of a husband and wife binds the wife’s separate property, and an assignment of her separate property in payment of the same is not fraudulent as to creditors as being without consideration.</p>