Adamson's Estate v. Stroud

PHILLIPS, Chief Justice.

This suit was filed by Texas Capital Corporation against Kilgore Petroleum Company, the Estate of J. E. Adamson, deceased, and E. D. Markham, to recover on a promissory note dated February 5, 1964, for the principal sum of $480,355.75 (the unpaid balance of which at the time of trial was $418,961.00), and to foreclose a deed of trust on properties owned by Kilgore Petroleum Company, oil properties in the Bethany Field, Panola County, Texas. The money had been loaned by Texas Capital to Kil-gore Petroleum. The note was signed by Kilgore Petroleum and its sole…