Legal Opinion
Citizens National Bank of Temple v. Baggerly
Court of Appeals of Texas
Decided April 20, 1983No. 13585PublishedCited by 4 opinions
1Opinion of the Court
PHILLIPS, Chief Justice.
Citizens National Bank of Temple appeals the trial court’s judgment denying it fore closure on its alleged security interests held in appellee’s personal property.
We reverse the trial court’s judgment and remand the cause for further proceedings in accordance with this opinion.
On July 5,1977, appellee borrowed $3,385 from appellant bank for the purchase of a 1976 Ford LTD automobile. Both parties entered into a security agreement in which they agreed that the Ford LTD would serve as collateral for the $3,385 note. On June 1, 1978, appellee borrowed $6,900 from…
2Cases cited3 opinions
- In the Matter of Leasing Consultants, Incorporated, Bankrupt. George Feldman, Trustee v. First National City BankCourt of Appeals for the First Circuit · 1973
- Grimes v. Massey Ferguson, Inc.Supreme Court of Alabama · 1978
- Everett National Bank v. DeschuiteneerSupreme Court of New Hampshire · 1968
3Cited by4 opinions
- Unicut, Inc. v. TEX. COMMERCE BANK-CHEMICALCourt of Appeals of Texas · 1986
- Chrysler Financial Co., LLC v. FlynnMissouri Court of Appeals · 2002
- First Colorado Bank & Trust, N.A. v. Plantation Inn, Ltd.Colorado Court of Appeals · 1988
- Unicut, Inc. v. Texas Commerce Bank-ChemicalCourt of Appeals of Texas · 1986