Legal Opinion
Citizens' Bank v. Kendrick, Pettus & Co.
Tennessee Supreme Court
Decided March 23, 1893PublishedCited by 11 opinions
PROM MONTGOMERY. Appeal from Chancery Court of Montgomery County. Geo. E. Seay, Ch.
1Opinion of the CourtCaldwell, J.
On December 10, 1890, Kendrick, Pettus & Co. made a geueral assignment for the benefit of creditors. The indebtedness aggregated about $250,000, and the assets were worth about one-fourth that amount.
On the same day, a few hours later, Franklin Bank also made a general assignment for the benefit of creditor’s. Its liabilities were over $900,000, and assets about one-fourth as much.
These bills were filed for the settlement of the two trusts.
"Without going much into detail, the legal questions presented on appeal will be considered in order.
First. — Franklin Bank was bound as indorser on the…
2Cases cited7 opinions
- Nashville Trust Co. v. BankTennessee Supreme Court · 1892
- Brown v. Merchant's & Farmers Nat. BankSupreme Court of North Carolina · 1878
- Citizens' Bank v. PattersonCourt of Appeals of Kentucky · 1880
- In re the Receiver of the Middle District BankNew York Court of Chancery · 1829
- Southern Michigan National Bank v. BylesMichigan Supreme Court · 1887
2 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Chemical Nat. Bank v. ArmstrongCourt of Appeals for the Sixth Circuit · 1893
- Cockrill v. Peoples Savings BankTennessee Supreme Court · 1927
- Whaley v. KingTennessee Supreme Court · 1918
- Nolan Bros. Lumber v. Dudley Lumber Co.Tennessee Supreme Court · 1913
- Jamison v. Adler-Goldman Commission Co.Supreme Court of Arkansas · 1894
6 more not listed; retrieve them via the Exa API.