Ferguson v. Peoples National Bank of LaFollette

OPINION

REID, Chief Justice.

This case presents a Rule 11, T.R.A.P., appeal by appellant Bank from the judgment of the Court of Appeals reversing the trial court’s summary judgment in favor of the Bank.

The appellant insists the Court of Appeals erred in holding that the suit is not barred by a three-year statute of limitations and that the Court of Appeals incorrectly construed the contract between the parties.

The decision of the Court of Appeals is sustained as to the first issue and reversed as to the second.

Statute of Limitations

The Court of Appeals properly held that the cause of action…