Legal Opinion
Brooks v. Peoples Nat. Bank of Huntsville
Supreme Court of Alabama
Decided April 9, 1982No. 80-753PublishedCited by 58 opinions
1Opinion of the Court
On May 18, 1976, D.R. and Irene Brooks executed a promissory note for $50,000.00 to Peoples National Bank of Huntsville. The Brookses gave the Bank a mortgage on a tract of land as collateral for the note. The note was due eighteen months later. The Brookses, in turn, loaned the money to their son's corporation, DB, Inc. DB, Inc. became insolvent.
On November 4, 1977, the Brookses brought an action against the Peoples Bank for fraud in the inducement of the execution of the note and the mortgage. The Brookses alleged that the Bank's agents misrepresented that the business operations of DB,…
2Cases cited9 opinions
- Theresa Plant v. Blazer Financial Services, Inc. Of GeorgiaCourt of Appeals for the Fifth Circuit · 1979
- Revere Copper and Brass Incorporated v. The Aetna Casualty and Surety Company, and Third-Party v. George A. Fuller Company, Inc., Third-PartyCourt of Appeals for the Third Circuit · 1970
- A. B. C. Truck Lines, Inc. v. KenemerSupreme Court of Alabama · 1946
- Draughon v. General Fin. Credit Corp.Supreme Court of Alabama · 1978
- O'DONOHUE v. Citizens BankCourt of Civil Appeals of Alabama · 1977
4 more not listed; retrieve them via the Exa API.
3Cited by58 opinions
- Dominex, Inc. v. KeySupreme Court of Alabama · 1984
- Ex Parte Canal Ins. Co.Supreme Court of Alabama · 1988
- Sho-Me Motor Lodges v. JEHLE-SLAUSON CONST.Supreme Court of Alabama · 1985
- Liberty Mut. Ins. Co. v. Wheelwright Trucking Co.Supreme Court of Alabama · 2002
- Terry Sykes v. Roy McDowell Individually & as Sheriff of Etowah County, AlabamaCourt of Appeals for the Eleventh Circuit · 1986
53 more not listed; retrieve them via the Exa API.