Carmichael v. Security Savings & Loan Ass'n

John A. Fogleman, Justice.

Appellant Charles Carmichael, while a minor, suffered injuries in an automobile accident, as a result of which he became a quadriplegic. He received a settlement upon an insurance claim arising from these injuries. His father, Levi Carmichael, was appointed his guardian on April 30, 1974. On June 18, 1974, Levi Carmichael purchased a $5,000 savings certificate from appellee Security Savings & Loan Association. The funds used were those of appellant and the certificate was issued to “Levi Carmichael Guardian for Charles Carmichael.” The ledger sheet on appellee’s…