East Tennessee National Bank v. Roy W. Shipley et al.

Order: 
Supreme Court Case Name: 
East Tennessee National Bank v. Roy W. Shipley et al.
Case Date: 
1932
Court Origin: 
Chancery
Cause/Crime: 
Loan

Database - TN Research:

County:

Division: 
East
Number of Pages: 
60
Notes / Description: 

Additional defendant: C. C. Rutherford, stockholder & officer for Sterchi Bros. Stores Inc. Shipley purchased stock in Sterchi Bros. and applied for the loan in which to purchase the stock from defendant. Rutherford executed a guarantee to enable the loan. Shipley had defaulted on the loan payment. Exhibit includes a copy of the check from East Tennessee Savings Bank. Plaintiff is the successor the East TN Savings Bank and owns the note.