Carpenter v. Ferris Nat. Bank
Court of Appeals of Texas
1Opinion of the Court
LOONEY, Justice.
T. B. Cates was indebted to Ferris National Bank of Ferris, Tex., in the sum of $4,-959.35, evidenced by notes secured by a mortgage on certain teams, a tractor, other agricultural tools and implements, and certain feedstuff. This indebtedness being past due, on December 4, 1928, the directors of the bank, by an order entered upon its minutes, instructed the cashier, Lloyd Wilson, to realize on the collaterals, by foreclosure, and charge off the indebtedness remaining.
Instead of complying with these instructions, the cashier took a transfer from Cates to the bank of the…
2Cases cited8 opinions
- Bank of United States v. DunnSupreme Court of the United States · 1832
- Hill v. HoeldtkeTexas Supreme Court · 1912
- Western National Bank v. ArmstrongSupreme Court of the United States · 1894
- United States v. City Bank of ColumbusSupreme Court of the United States · 1859
- Brannin v. RichardsonTexas Supreme Court · 1916
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3Cited by4 opinions
- Brooks v. ErbarCourt of Appeals of Texas · 1945
- Uvalde Const. Co. v. LawrenceCourt of Appeals of Texas · 1936
- Grammer v. City Nat. Bank of CleburneCourt of Appeals of Texas · 1953
- Joyce v. First Nat. Bank of SnyderCourt of Appeals of Texas · 1936