Alabama City Bank of Gadsden v. Vaughn

This is an appeal by the defendant, Alabama City Bank of Gadsden, from a judgment entered on a jury verdict in favor of the plaintiff, Walter J. Vaughn, for the sum of $18,600.00. Vaughn initially brought suit against the bank, alleging the conversion by the bank of $15,000.00 and also alleging $15,000.00 due on open account. Later, Vaughn amended his complaint by adding count three, alleging fraudulent representations by the bank.

Evidence was presented by way of Vaughn's testimony that, in the fall of 1975, Vaughn sold the business known as E Z Stop Grocery to a man named Gentle. In order…