Roberson v. Liberty National Bank & Trust Co.

It is alleged in the petition that, beginning in January 1949, the plaintiff bank made loans to G. E. deVries Trading Company, Inc., at the request of G. E. deVries and Melvin T. Roberson, and upon the personal endorsement of Roberson. Later G. E. deVries sought to borrow money for the company on notes of the company, secured by warehouse receipts, but the plaintiff bank refused to make such loans, unless the notes were guaranteed by a responsible person. Therefore, on November 1, 1950, in order to secure additional credit for the company, G. E. deVries and Roberson, individually and…