Legal Opinion

Penland v. Schramm

Court of Appeals of Texas

Decided May 4, 1921No. 6352Published

Error from District Court, McLennan County; H. M. Richey, Judge. Suit by G. H. Penland, receiver of the Texas Fidelity & Bonding Company, against Peter Schramm. Judgment for defendant, and plaintiff brings error.

1Opinion of the CourtJenkins, J.

The Texas Fidelity & Bonding Company was a private corporation, which, at the suit of the state, was placed in the hands of a receiver, and plaintiff in error appointed as such receiver.

This suit was brought by plaintiff in error upon three promissory notes of $500 each, executed by defendant in error to the Texas Fidelity & Bonding Company, and secured by deed of trust upon certain real estate in Williamson county, of the value of $1,800, exclusive of improvements. The improvements were of the value of $1,200, and were insured for the sum of $750, the policy being assigned to the bonding…

2Cases cited11 opinions

  1. Washer v. SmyerTexas Supreme Court · 1919
  2. McCarthy v. Texas Loan & Guaranty Co.Court of Appeals of Texas · 1911
  3. Thompson v. First State Bank of AmarilloTexas Supreme Court · 1919
  4. Republic Trust Co. v. TaylorCourt of Appeals of Texas · 1916
  5. General Bonding & Casualty Insurance v. MoseleyTexas Supreme Court · 1920

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