First State Bank & Trust Co. v. First Bank of Truscott

32 S.W.2d 494
CourtCourt of Appeals of Texas
DecidedOctober 10, 1930
DocketNo. 731.
StatusPublished
Cited by11 cases

This text of 32 S.W.2d 494 (First State Bank & Trust Co. v. First Bank of Truscott) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First State Bank & Trust Co. v. First Bank of Truscott, 32 S.W.2d 494 (Tex. Ct. App. 1930).

Opinion

HICKMAN, C. J.

The appeal is by the First National Bank of Benjamin and the First State Bank & Trust Company of Benjamin, from a judgment against each of them in favor of ap-pellee, First Bank of Truscott. The petition upon which the judgment was rendered alleged, in substance, that one Oran Driver consummated the sale of some cattle, receiving as the purchase price for same the’ sum of $13,137.50. That, just after such sale' was consummated, C. H. Burnett, president of the First National Bank of Benjamin, approached Driver and made inquiry with reference to what had been done with the receipts of the sale. That Driver informed' him that he.had the money and was going to-pay same to First Bank of Truscott in dis- . charge or. partial discharge of a mortgage owned by said last-named bank against the cattle. That Burnett had knowledge of the fact that .Driver was indebted to said First Bank of Truscott in a large sum, and that such indebtedness was secured by a mort.gage against said cattle, and that, upon being reminded of this fact, he (Burnett) stated’ to Driver that, if he would deposit this money in the First National Bank of Benjamin, he would make same a special deposit, and that no one else could touch it except First Bank of Truscott. That Driver agreed to .this arrangement and deposited said funds with, said' First National Bank of Benjamin as a special deposit and was given a deposit slip for same, reading “Oran Driver Special A/O, $13,137.50.” Prior to the time this deposit was made, Oran Driver had agreed with ap-pellee, First Bank of Truscott, to pay to it *495 the proceeds derived from the sale of said mortgaged cattle. That about three days after the special deposit was made, Driver executed to appellee First Bank of Truscott a draft for $13,000, signing said draft “Oran Driver, Special,” which draft was immediately presented to the drawee for payment, hut payment was refused. The allegation was made that, by virtue of the drawing of the draft and the delivery of same to appellee against said special fund, the appellee became the owner thereof, and such draft, under the facts, constituted an assignment of $13,000, for the payment' of which appellant First National Bank of Benjamin became liable to appellee.

For cause of action against the other appellant, First State Bank & Trust Company of Benjamin, it was alleged: “That after-wards, on or about the 10th day of June, A. D., 1929, the defendant, First National Bank of Benjamin, sold, transferred and assigned unto the defendant, First State Bank & Trust Company of Benjamin, Texas, all of its assets of every kind, including its banking house, furniture and fixtures, and the said fund so converted by it, and surrendered unto it all of its banking business, privileges, and franchises, and ceased to operate and function as a bank, and the said First State Bank and Trust Company of Benjamin, Texas, accepted all of its said assets, banking house, furniture, fixtures and banking facilities, and begun and has from and since said time operated the said bank and banking business, at the same place, formerly conducted by said First National Bank of Benjamin, and assumed and become liable for all of its debts and obligations, including its liability to the plaintiff for said special fund so assigned to it by said Oran Driver, and converted by said First National Bank of Benjamin, Texas.”

Trial was before the court without a jury. The material allegations of the petition were supported by competent evidence. The facts disclose that, of the $13,137.50 deposited with appellant First National Bank, all but $5,-S01.61 was paid by said appellant bank to-Oklahoma Cattle Loan Company, and appel-lee received the benefit thereof. Judgment was therefore rendered for the sum of $5,-801.61. Appellee does not complain of the judgment. Both of the defendant banks have appealed. The record does not contain findings of fact or conclusions of law. Separate briefs are filed by appellants, but the questions presented are in the main the same.

The assignments complaining of the action of the trial court in overruling the various special exceptions to appellee’s petition are deemed without merit. The petition sets out with sufficient detail all allegations essential to state a cause of action, and its alleged failure to detail collateral facts does not render it demurrable.

The assignments complaining of the action of the trial court in admitting certain evidence over appellant’s objections are overruled. One of the bills of exceptions preserving an objection is .not in accord with the statement of facts, and it is the rule that, where there is conflict between a bill of exceptions and the statement of facts, the latter must control. Alsabrook v. Bishop (Tex. Civ. App.) 295 S. W. 646, and authorities there cited; 3 Tex. Jur. p. 794, § 564, and authorities there cited.

Another bill complains of the entire testimony of a witness, consisting of several pages. Most of this testimony was admissible, and, since the objection went to the whole thereof, no error is shown. Galveston, H. & S. A. Ry. Co. v. Gormley, 91 Tex. 393, 43 S. W. 877, 66 Am. St. Rep. 894; Bobbitt v. Bobbitt (Tex. Civ. App.) 223 S. W. 478; Jamison v. Dooley, 98 Tex. 206, 82 S. W. 780; Tex. Elec. Ser. Co. v. Wells (Tex. Civ. App.) 8 S.W.(2d) 705; Hemler v. Hucony Gas Co. (Tex. Civ. App.) 18 S.W.(2d) 942; Texas Employers’ Ins. Ass’n v. Neatherlin (Tex. Civ. App.) 31 S.W.(2d) 673.

The assignments complaining of the action of the trial court in overruling an application for continuance are not properly supported by the record. We find neither an application for continuance nor an order overruling such an application in the record. These assignments therefore present no question for determination.

The controlling questions of law presented • by the assignments are whether, under all the facts and circumstances introduced in evidence, there was any evidence that the deposit of $13,137.50 was a special deposit, and the kindred questions of whether the bank in which same was deposited had. the right to credit the deposit upon past-due indebtedness of the depositor, and whether appellee had a right to maintain this suit without joining Driver as a party defendant. No assignment challenges the sufficiency of the evidence to support the conclusion that this money was deposited for a specific purpose, but the claim is that the undisputed evidence showed that same was a general deposit. We have carefully read and reread the statement of facts in an effort to determine this question. There were so many facts introduced in evidence irrelevant to the issue that it has been somewhat difficult to sift out the evidence bearing upon the particular question of the nature of this deposit. While the evidence is not wholly satisfactory, we have concluded that we would not at all be warranted in sustaining the assignment complaining that there was no evidence on the question. We therefore overrule the contention that there was no evidence of an agreement between Oran. Driver and the president of the First National Bank, dedicating the deposit to a specific purpose.

*496 Article 5940, § 127, R. S. 1925, provides: “A bill of itself does not operate as an assignment of the funds in the hands of the drawee available for the payment thereof, and the drawee is not liable on the bill unless and until he accepts the same.”

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32 S.W.2d 494, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-state-bank-trust-co-v-first-bank-of-truscott-texapp-1930.