Federal Reserve Bank v. Upton

OPINION OF THE COURT

CATRON, J.

The Federal Reserve Bank of Dallas sued J. N. Upton upon two promissory notes for the balance due thereon with interest, attorney’s fees, and costs. The principal of the two notes was $1,748.55, but two payments aggregating $518.70 were credited on one of said notes, thereby reducing the principal sued for to $1,229.85.

Defendant did not deny the indebtedness alleged in the complaint, but pleaded a counterclaim for the sum of $5,354.30 growing out of an alleged breach by plaintiff of a certain verbal contract between plaintiff and defendant entered into about May…