Legal Opinion
Indiana Telco Federal Credit Union v. Young
Indiana Court of Appeals
Decided June 25, 1973No. 1-1072A84PublishedCited by 12 opinions
1Opinion of the CourtLybrook, J.
Appellant (Telco) brought this action against Young, a surety, upon a promissory note executed to Telco by Richard Milton.
The evidence most favorable to the appellee shows that on January 27, 1969, the note was executed in the sum of $3,255.00. Milton pledged $700.00 of his savings account with Telco as collateral on the loan. Repayment was to be made by semi-monthly payroll deductions of $75.00 each. Milton’s wife as well as Young, co-signed the note. Young and the Miltons were all employees of Indiana Bell and members of Telco.
Milton left his employment on May 23, 1969, and Telco received…
2Cases cited5 opinions
- Hubbard v. ReillyIndiana Court of Appeals · 1912
- State ex rel. Hughes v. AdamsIndiana Supreme Court · 1918
- Detroit Fidelity & Surety Co. v. BushongIndiana Court of Appeals · 1931
- Indiana & Ohio Live Stock Insurance v. BenderIndiana Court of Appeals · 1904
- Stayner v. JoiceIndiana Supreme Court · 1882
3Cited by12 opinions
- White v. Household Finance CorporationIndiana Court of Appeals · 1973
- Yin v. Society National Bank IndianaIndiana Court of Appeals · 1996
- Goeke v. Merchants National Bank & Trust Co. of IndianapolisIndiana Court of Appeals · 1984
- Argonaut Insurance Company v. Town of Cloverdale, IndianaCourt of Appeals for the Seventh Circuit · 1983
- Carney v. Central National Bank of GreencastleIndiana Court of Appeals · 1983
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