Peugh v. Moody
Texas Supreme Court
Error to the Court of Civil Appeals, Seventh District, in an appeal from Lipscomb County. Moody and others sued Peugh and the Peugh Mercantile Co., recovering only against the former, who appealed. On affirmance Peugh obtained writ of error.
1Opinion of the Court
.Me. Chief Justice PHILLIPS
delivered the opinion of the court.
The suit was upon a note given to the First national Bank of Higgins, executed by the W. F. Peugh Mercantile Company, a corporation, as principal, and W. F. Peugh as surety, afterward's transferred to the plaintiffs. Peugh was president of the company and its principal stockholder. It became financially involved, and its affairs were turned over to a trustee to be administered for the benefit of its creditors, who obtained under such administration fifteen per cent of their claims. Subsequently an arrangement was made whereby Peugh…
2Cited by4 opinions
- National Bank of La Crosse v. FunkeWisconsin Supreme Court · 1934
- Petrolia Supply Co. v. WalkerCourt of Appeals of Texas · 1924
- Philco Distributors, Inc. v. EdlerDistrict Court, N.D. Texas · 1968
- Petrolia Supply Co. v. WalkerCourt of Appeals of Texas · 1924