Perdue v. State Nat. Bank

47 So.2d 261 (1950)

PERDUE

v.

STATE NAT. BANK.

6 Div. 891.

Supreme Court of Alabama.

February 2, 1950.

Rehearing Granted June 30, 1950.

Finis E. St. John, of Cullman, for appellant.

Julian Harris and Norman W. Harris, of Decatur, for appellee.

BROWN, Justice.

The transaction between Perdue and wife and complainant bank boiled down to last analysis was simply a loan of money by the former to the latter on express contract on the part of the complainant to pay to either one or both with interest on presentation of the pass book showing the true state of the account with accrued interest on demand. As the…