Farmers & Merchants Bank v. Templeton

NEARN, Judge.

Plaintiff, Farmers and Merchants Bank, brought suit in the Chancery Court of McNairy County against Fred Templeton for the balance due on a promissory note payable in installments. Templeton denied owing the balance sued for and brought a third party action against Jimmy Joe Freeman for indemnification or for judgment over for any liability that Templeton might be found to have to plaintiff bank. Freeman denied liability to anyone.

In a bench trial, the Chancellor rendered judgment against Templeton for the full balance claimed by the bank plus interest and attorney fees and then…