Federal Deposit Ins. v. Vest

HICKS, Circuit Judge.

Bill in equity by appellant as receiver of The Taylor National Bank, against appel-lee, on two promissory notes. The principal question here is, whether appellee is liable to the receiver upon a note for $10,-000 executed to the bank by appellee on January 12, 1937. The District Court made accurate and complete findings of fact which we reproduce in the margin.1 Upon these findings the court decided, — “(2) That in making the loan upon the note which *767he induced Vest to sign, Morton was acting within the scope of his authority. Morton, being the Bank’s sole representative…