Stanfield v. O'BOYLE

CALVERT, Chief Justice.

This suit by petitioner Stanfield, plaintiff, against respondent O’Boyle, defendant, grew out of a transaction between the parties which is described in an opinion in an earlier appeal reported as Stanfield v. O’Boyle, 421 S.W.2d 745 (Tex.Civ.App.-Dallas 1967, writ ref’d n. r. e.). The following factual statement is adopted from that opinion:

“On August 16, 1957 Jim O’Boyle pledged to Harry M. Stanfield certain shares of stock in consideration of a loan in the sum of $50,000. On January 25, 1958, Stanfield released the stock to O’Boyle in consideration of the execution…