Legal Opinion
Austin Area Teachers Federal Credit Union v. First City Bank-Northwest Hills, N.A.
Court of Appeals of Texas
Decided April 15, 1992No. 3-91-136-CVPublishedCited by 28 opinions
1Opinion of the Court
SMITH, Justice.
A customer of Austin Area Teachers Federal Credit Union (the Credit Union) pledged her certificate of deposit at the Credit Union as collateral for her son’s note to First City Bank-Northwest Hills, N.A. (First City). When the son defaulted, First City discovered the Credit Union had permitted its customer to withdraw her funds in contravention of the assignment agreement. First City sued the Credit Union for breach of contract. The Credit Union answered the assignment was invalid. The trial court found a valid contract and awarded First City damages of $16,591, plus…
2Cases cited13 opinions
- Cain v. BainTexas Supreme Court · 1986
- Alm v. Aluminum Co. of AmericaTexas Supreme Court · 1986
- Stafford v. StaffordTexas Supreme Court · 1987
- O'NEIL v. MacK Trucks, Inc.Texas Supreme Court · 1976
- Gill Savings Ass'n v. Chair King, Inc.Texas Supreme Court · 1990
8 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Boyles v. KerrTexas Supreme Court · 1993
- Vinson v. Texas Commerce Bank-Houston, National Ass'n, Texas Court of Appeals, 5th District (Dallas)1994
- Welch v. Coca-Cola Enterprises, Inc., Texas Court of Appeals, 12th District (Tyler)2000
- Gibson v. Bostick Roofing and Sheet Metal Co., Texas Court of Appeals, 8th District (El Paso)2004
- In the Interest of J.M.Court of Appeals of Texas · 2005
23 more not listed; retrieve them via the Exa API.