Legal Opinion
Perdue v. State Nat. Bank
Supreme Court of Alabama
Decided June 30, 1950No. 6 Div. 891PublishedCited by 10 opinions
1Opinion of the Court
BROWN, Justice.
The transaction between Perdue- and wife and complainant bank boiled down to last analysis was simply a loan of money by the former to the latter on express contract on the part of the complainant to-pay to either one or both with interest on presentation of the pass book showing the true state of the account with accrued interest on demand. As the contract states* *82“The bank considers the possession of the pass book as the important condition, and reserves the right, if it so desires to pay on it alone.” As to the legal effect of the transaction see Clark v. Young, 246 Ala. 529…
2Cases cited6 opinions
- Coosa River Steamboat Co. v. BarclaySupreme Court of Alabama · 1857
- Tutwiler v. Tuskaloosa Coal, Iron & Land Co.Supreme Court of Alabama · 1889
- H. C. Schrader Co. v. A. Z. Bailey Groc. Co.Alabama Court of Appeals · 1917
- Pratt v. First Nat. Bank of FayetteSupreme Court of Alabama · 1942
- Clark v. YoungSupreme Court of Alabama · 1944
1 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- AARTS Productions, Inc. v. Crocker National BankCalifornia Court of Appeal · 1986
- Landrum v. Security Nat. Bank of RoswellNew Mexico Court of Appeals · 1986
- Loop Nat. Bank of Mobile v. CoxSupreme Court of Alabama · 1954
- First National Bank of Arizona v. ButlerArizona Supreme Court · 1957
- Womack v. First National BankSupreme Court of Alabama · 1959
5 more not listed; retrieve them via the Exa API.