First Tennessee Bank National Ass'n v. Wilson

OPINION

SANDERS, Judge.

The Defendant appeals from a chancery decree in favor of the bank on a promissory note executed by him.

In 1981 the Plaintiff-Appellee, First Tennessee Bank, had acquired a considerable amount of coal mining equipment which had been pledged as collateral to various loans which the bank had made to coal mining concerns. The Defendant-Appellant, John F. Wilson, was engaged in the business of selling coal mining equipment and had considerable expertise in appraising its value. An arrangement was made whereby Mr. Wilson assisted the bank in selling most of the equipment, for…