Tennessee Valley Bank v. Williams

FOSTER, Justice.

Appellant, who was the plaintiff below, acquired the note sued on in a transaction with the First National Bank of Albert-ville, which was in financial embarrassment, whereby plaintiff purchased the note and many others in an over-night transaction, so as to cause little financial disturbance. They executed a contract conveying this note and others aggregating several hundred thmtsand dollars, and assumed liability to depositors with the aid of the Federal Deposit Insurance Corporation. The details are stated on the former appeal of this case. Tennessee Valley Bank v.…