Hull v. Lewis

Bell, Justice.

In April, 1927, the National Bank of Wilkes held a judgment against the Georgia Copper Company for about $17,500, and F. EL Ficklen held a judgment against the same company for about $3500. The company was in the hands of a receiver. On April 7, 1927, EL EC. Bell made a contract with the bank and Ficklen, by the terms of which he paid to them $1000 in cash, transferred valuable stocks, and promised to pay $5000 in the future. IJpon the payment of this sum the bank and Ficklen were to transfer to Bell all bonds, judgments, notes, and other securities or collaterals held by them,…