First National Bank of Lenoir City v. Ivie

On Petition to Rehear

HOWARD, J.

The complainants have filed a petition to rehear in which they respectfully aver that “If we consider the matter from the angle that Dannel was supposed to hold the notes, collect them and then remit the proceeds— we come up with this: It required the $750.00 check and 11 of the notes to pay the agreed claims. That is to say, the 11th note was due August 5, 1952, or some 13 months after the agreement was signed. Surely the Ivies did not expect Dannel to wait longer than that for them to contact Rivers, if it was their sincere intention or desire of doing so.”

Appa…