Nature of the Case
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Facts
Hunter (D) was the widow of Lee Hunter whose estate was insufficient to pay his funeral expenses and the widow's allowance. Newman (P) held a note from Lee for $3,700 secured by stock from Hunter Company as collateral. The company was insolvent. It was later placed with a receiver, and its assets were insufficient to pay its debt. D paid P the interest earned and due upon the note for its surrender to her and gave P her note for the balance due. P sued D to recover from her note to them. D appealed a judgment for P.
Holding and Decision
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Legal Analysis
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