Legal Opinion
Ray v. ALA. CENT. CREDIT UNION
Supreme Court of Alabama
Decided June 7, 1985No. 83-1258PublishedCited by 20 opinions
1Opinion of the Court
This appeal arises from a judgment entered in the Circuit Court of Lauderdale County, wherein the court determined that the defendants, James Ray and Wanda Ray, owed the Alabama Central Credit Union a balance on two promissory notes. We affirm.
The salient facts in the litigation are as follows.
On January 31, 1979, Alabama Central Credit Union loaned appellant James Ray $64,864.82, plus an advancement of $9,000.00, or a total of $73,864.82. Ray executed a promissory note to the Credit Union for the $73,864.82, plus interest at 12% per annum. The promissory note was secured by a real estate…
Also in this document: Concurrence.
2Cases cited4 opinions
- Craft v. Standard Acc. Ins. Co.Supreme Court of Alabama · 1929
- Reliance Life Insurance v. GarthSupreme Court of Alabama · 1915
- Biggers v. IngersollSupreme Court of Alabama · 1938
- Dreyfus Bros. v. Corn Products Co.Supreme Court of Alabama · 1920
3Cited by20 opinions
- William Aubrey Dominick, Jr. v. Dixie National Life Insurance Company, Robert Lyle Fundaburk v. Dixie National Life Insurance Co., Robert E. Johnson, Jr. v. Dixie National Life Insurance Co., a Corporation, Lincoln National Sales Corporation of Central Alabama, a Corporation, and the Lincoln National Life Insurance Company, a Corporation, Carlton S. & Chrystle Bone v. Dixie National Life Insurance Co., Lincoln National Sales Corporation of Central Alabama and the Lincoln National Life Insurance Company, Jerry Lee Fowler v. Dixie National Life Insurance Co., Russell Jeffrey Pinyan v. Dixie National Life Insurance Co., Milton L. Culver, Gilmer R. And Hilda E. Godfrey v. The Lincoln National Life Insurance Company, Etc., Robert Kermit Pinyan v. Dixie National Life Insurance Co., Julian D. Edwards v. United Presidential Life Insurance Company, a Corporation Union Central Life Insurance Company, a Corporation Milton L. Culver, Mary M. Hunt v. United Presidential Life Insurance Company, a Corporation Union Central Life Insurance Company, a Corporation Milton L. Culver, Hubert A. Grissom v. Dixie National Life Insurance Company, Defendant-Crossclaim Hoyt A. Ponder v. Dixie National Life Insurance Co., Lincoln National Sales Corp. Of Central Alabama & the Lincoln National Life Insurance Co., Garry Aaron Walker v. Dixie National Life Insurance Co., Warren N. Cook v. Dixie National Life Insurance Co., Lincoln National Sales Corporation of Central Alabama & the Lincoln National Life Insurance Company, a Corporation, Burton Burdick v. Dixie National Life Insurance Co., a Corporation Lincoln National Sales Corporation of Central Alabama, a Corporation and the Lincoln National Life Insurance Company, a Corporation, Fred M. Tucker v. Dixie National Life Insurance Co., Lincoln National Sales Corp. Of Central Alabama & the Lincoln National Life Insurance Company, James W. Spencer v. Dixie National Life Insurance Co., a Corporation Lincoln National Sales Corporation of Central Alabama, a Corporation, John Haven v. Dixie National Life Insurance Co., Etc., Allen Daniel Washburn & Mozelle Washburn v. Dixie National Life Insurance Co., Barry W. McCown v. Dixie National Life Insurance Co., Eugene A. Polk v. Dixie National Life Insurance Co., Wilford R. Hitt v. Dixie National Life Insurance Co., Oscar Lee Nichols v. Atlantic American Life Insurance Company, Etc.Court of Appeals for the Eleventh Circuit · 1987
- Farmers & Merchants Bank of Centre v. HancockSupreme Court of Alabama · 1987
- Austin v. CoxSupreme Court of Alabama · 1986
- Bay City Const. Co., Inc. v. HayesSupreme Court of Alabama · 1993
- Bank Independent v. ByarsSupreme Court of Alabama · 1988
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