Legal Opinion
Parker Square State Bank v. Triangle Supply Co.
Court of Appeals of Texas
Decided January 25, 1963No. 3768PublishedCited by 15 opinions
1Opinion of the Court
GRISSOM, Chief Justice.
Wise and Steadham Drilling Company drilled many oil wells for Fletcher Oil & Gas Drilling Corporation. As each well was completed Wise and Steadham presented to Fletcher an invoice and it approved the account and agreed that it should be assigned to a designated assignee. Although payment was due upon completion of each well, Fletcher ordinarily paid its accounts thirty to sixty days after an invoice was so presented and approved. In the meantime, to carry on their business, Wise and Steadham assigned the accounts to secure loans.
On March 15, 1961, Fletcher owed Wise…
2Cases cited13 opinions
- Corn Exchange National Bank & Trust Co. v. KlauderSupreme Court of the United States · 1943
- Hess & Skinner Engineering Co. v. TurneyTexas Supreme Court · 1919
- Quinn v. DupreeTexas Supreme Court · 1957
- United States v. O. E. Morrison and R. E. MorrisonCourt of Appeals for the Fifth Circuit · 1957
- Greer v. Franklin Life InsuranceTexas Supreme Court · 1949
8 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- University State Bank v. Gifford-Hill Concrete Corp.Court of Appeals of Texas · 1968
- Trinity Universal Insurance Co. v. Bellmead State Bank of WacoCourt of Appeals of Texas · 1965
- MCZ, INC. v. Triolo, Texas Court of Appeals, 1st District (Houston)1986
- Abramson v. BoedekerCourt of Appeals for the Fifth Circuit · 1967
- United States v. LesterDistrict Court, S.D. New York · 1964
10 more not listed; retrieve them via the Exa API.