Commerce Union Bank v. Blalock

This suit was brought by complainant bank to recover on a note for $13,000 for money lent by it to defendants Boy E. Blalock, Jr., and A. 0. Newberry, partners doing business under the name A & B Construe*262tion Company, and to recover the amount of an estimate for work done by them for Kerby Saunders, Inc., and .assigned by them to tbe bank as collateral security to their note.

They were a subcontractor of Kerby Saunders, Inc., and the latter was a subcontractor of Hardaway Contracting Company, which was the general contractor constructing for the Government the Arnold Engineering Development…