United States Fidelity & Guaranty Co. v. Reinhart & Donovan Co‪.‬

On October 26, 1943, M. M. Schoonover and Marie Louise Schoonover, husband and wife, executed a separation and property settlement agreement. The agreement recited their marital difficulties, listed the property acquired by their joint efforts during their marriage, estimated its net value at $70,000, and provided that the wife should receive as her share one-half of the value thereof amounting to $35,000, in settlement of her share of their jointly acquired property. The contract contained other provisions specifying the mode of payment and other matters of common concern and interest to the parties. The husband also agreed to pay for the education of their one child for a specified period of time. The contract also recited that the wife had received separate and independent legal advice in the making of the contract and that the husband had divulged all the property which he owned or which he and his wife jointly owned. On October 30, 1943, certain changes were made under a supplemental agreement, the provisions of which are not material here.