Christian v. University Federal Savings Ass'n

OPINION

COHEN, Justice.

This is an appeal from a summary judgment rendered in favor of appellee, University Federal Savings Association (“Federal”), against appellant, James W. Christian, in a suit on a note.

University Savings Association, Federal’s predecessor, sued Christian for $50,000.00, plus interest, due on a promissory note. Christian filed a general denial, and alleged that University Savings converted 5,000 shares of common stock given as collateral, thereby breaching its duty of good faith and fair dealing, and also alleged the affirmative defense of accord and satisfaction.

In point…