Tanner v. Peoples Bank
Tanner v. Peoples Bank
Opinion of the Court
Peoples Bank of Carrollton instituted suit against J. E. Adamson, J. M. Walker,* C. M. Tanner, and C. L. Walker, alleging, that on July 12, 1912, Walker Lumber and Manufacturing Company executed and delivered to it a promissory note for $5000.58, indorsed by J. E. Adamson, J. M. Walker, C. M. Tanner, and C. L. Walker, and on October 11, 1912, executed and delivered to it a promissory note for $1020; that Walker Lumber and Manufacturing Company subsequently was' adjudicated a bankrupt, and that the plaintiff received in dididends from the estate of the bankrupt, as a credit upon these two notes the sum of $2534.38; that the note for $5000.58 was intended by the plaintiff to be a renewal of the balance due upon two other promissory notes executed by said Walker Lumber and Manufacturing Company, and indorsed by J. E. Adamson, C. M. Tanner, J. M. Walker, and C. L. Walker, one dated March 22, 1911, and due November 22, 1911, for $4213.34, and the other dated July 8, 1911,-and due October 22, 1911, for $1050.00; that the note for $5000.58 was not to be accepted in renewal of the two notes for $4213.34 and $1050.00, unless the note for $5000.58 was indorsed by C. M. Tanner, and it was the express agreement and understanding between the plaintiff and Walker Lumber and Manufacturing Company that the $5000.58 note would not be accepted in such renewal un
The defendant Tanner pleaded that for want of sufficient information he could not admit or deny that the $5000.58 note was given as a renewal of the other two notes, but he denied that it was not to be accepted by the bank in renewal unless indorsed by him. He alleged that the bank was to accept and did accept the $5000.58 note without his indorsement, and that the notes for $4213.34 and $1050 were delivered to Walker Lumber and Manufacturing Company; that the indorsement on the $5000.58 note was not his signature, and that the same was not his act or deed; that the said indorsement was a forgery; that in January, 1912, the finance committee agreed to lend Walker Manufacturing Company $7,000, without his indorsement; and that there was usury in the notes, unknown to him, that would discharge him. The defendant J. M. Walker pleaded that there was usury unknown to him in the notes, etc.
The jury found that the indorsement of C. M. Tanner, appearing on the $5000.58 note, was not his act; that this note, unless
1. The evidence on the part of the bank tended to sustain the case as laid; the evidence on the part of the defendants tended to sustain their defenses. The jury were the sole arbiters of the facts, and their verdict gave credence to the contentions of the plaintiff. There being evidence which would authorize the verdict, this court will not set it aside.
3. In view of the evidence, the excerpts from the charge of the court are not subject to the criticisms made in the motion for a new trial. The charge contained no error calculated to mislead the jury. •
The court did riot err in overruling the motion for a new trial.
Judgment affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.