Republic National Bank of Dallas v. Beaird

DIES, Chief Justice.

Plaintiff, appellee, and Martin N. May-rath were married in December 1948. Four children were born to their marriage. This marriage ended in divorce in February 1959 by decree entered by the Domestic Relations Court in Dallas. A settlement agreement was concluded by the parties which provided in Paragraph IV for payments by Mayrath to plaintiff annually of $23,000 commencing December 21, 1959, and thereafter on the same day of each year until seventeen annual payments of such sum had been made, with a final payment of $12,200 on December 21, 1976.

Mayrath made the payment…