Jones Valley Finance Co., Inc. v. Tennille

Supreme Court of Alabama

Jones Valley Finance Co., Inc. v. Tennille

115 So. 2d 504, 270 Ala. 738, 1959 Ala. LEXIS 590

CourtSupreme Court of Alabama

DecidedNovember 5, 1959

Docket6 Div. 442

StatusPublished

Cited by7 cases

This text of 115 So. 2d 504 (Jones Valley Finance Co., Inc. v. Tennille) is published on Counsel Stack Legal Research, covering Supreme Court of Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Jones Valley Finance Co., Inc. v. Tennille, 115 So. 2d 504, 270 Ala. 738, 1959 Ala. LEXIS 590 (Ala. 1959).

Pincite

Opinion

LIVINGSTON, Chief Justice.

As we understand the opinion of the Court of Appeals, it is based on a finding by that court that the certificates evidence the owners of preferred stock as distinguished from a certificate of indebtedness, and that they do not include a promise to pay interest. This finding is based on the evidence, and the Court of Appeals held that the stock certificates were not the sole memoranda of the agreement between the parties.

So considered, we think the writ should be denied. It is so ordered.

Writ denied.

LAWSON, STAKELY and MERRILL, JJ., concur.

Free access — add to your briefcase to read the full text and ask questions with AI