First National Bank of Jackson v. Short

Opinion op the Court by

Commissioner Stanley

Reversing.

The appellants have sought in this case to trace funds belonging to their debtor, the appellee Anee Short, into certain property deeded to his daughter, the appellee Effie Barrett. On October 2, 1923, Short sold his property on Pan Bowl creek, in Breathitt county, to Williams for $500 cash, and notes for $200 and $800. These notes were discounted to the First National Bank of Jackson. Williams paid the $200 note, but to collect the $800 note the bank filed suit and asserted its lien. The proceeds of the sale lacked $265 of satisfying this…