Wolters Village Management Company, Graybar Electric Company, and T. R. Barnard v. The Merchants and Planters National Bank of Sherman

TUTTLE, Circuit Judge.

This many-sided case involves chiefly the effectiveness of a security arrangement in which a prime contractor promised a subcontractor to render payments by checks made out jointly to the subcontractor and his prospective creditor; whether the latter, after advancing money in reliance on the promise, was estopped by his conduct thereafter to complain of the obligor’s failure to make out the checks jointly; and finally whether two mechanics’ liens were validly imposed.

Appellant Wolters Village Management Company, a Delaware corporation (hereinafter “Wolters”) was the…