Deming Investment Co. v. Giddens

Certified question from the Honorable Court of Civil Appeals of the Fifth Supreme Judicial District of Texas, in an appeal from the district court of Dallas county.

The facts to be considered in determining the question certified, as gathered from the certificate of the Court of Civil Appeals, aided by uncontested statements in written arguments, may be briefly stated as follows:

Joe D. Giddens secured a loan of $13,000 from the Deming Investment Company in February, 1921. The loan was secured by a note, dated February 16, 1921, due January 1, 1931, for $12,000 with interest at the rate of six…