Seelbinder v. Stewart

This litigation arises out of the following facts and circumstances. On October 31, 1925, appellant, Hugo Seelbinder, purchased from one S. P. Shaddock an abstract business and plant commonly known in that vicinity as the Security Abstract Company located at Van Burén, Arkansas, and paid or agreed to pay $2,000 as consideration therefor. This money was borrowed by appellant from the First National Bank of Van Burén. W. A. Steel, now deceased, was president of this bank when the note was executed and at all times subsequently referred to in this opinion. Soon after appellant's purchase he…