Evans v. First Nat. Bank of Waco

ALEXANDER, Justice.

This suit was brought by the First National Bank of Waco against W. P. Evans and F. M. Compton to recover on a promissory note in the sum of $4,230.76, executed by the defendants on December 31, 1930, and payable to. the plaintiff. The trial court instructed a verdict for plaintiff, and the defendants appealed.

A brief preliminary statement will aid in an understanding of appellants’ contention to be hereinafter considered. The obligation sued on arose in this manner. In 1920, the Lake Oil Company, a corporation of which appellants, Evans and Compton, and one Ed Archer were…