Texas Bank & Trust Co. v. Teich

This suit arose as the result of the following facts and transactions:

Prior to June 16, 1923, the Central Texas Motor Company was engaged in the business of selling automobiles at retail in the city of Austin, and prior to this date it became indebted to appellee in the sum of $450, representing the price of a Ford automobile which it purchased from her. On June 16, 1923, the following agreement was executed by the Central Texas Motor Company with appellant, Texas Bank Trust Company:

"Austin, Texas, June 16th, 1923.

"This is to certify that we hold in trust for the Texas Bank Trust Company of…