Katy State Bank v. Katy Bank, Unincorporated

Court of Appeals of Texas

Katy State Bank v. Katy Bank, Unincorporated

283 S.W. 1114, 1926 Tex. App. LEXIS 901

CourtCourt of Appeals of Texas

DecidedApril 8, 1926

DocketNo. 3208.

StatusPublished

Cited by3 cases

This text of 283 S.W. 1114 (Katy State Bank v. Katy Bank, Unincorporated) 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.

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Katy State Bank v. Katy Bank, Unincorporated, 283 S.W. 1114, 1926 Tex. App. LEXIS 901 (Tex. Ct. App. 1926).

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As stated above, the amount of the notes at the time the parties entered into the contract was $4,523.63. It appeared from the testimony that after that time payments as follows were made on the notes by Moore: November 24, 1920, $1,000; March 20, 1921, $350; April 13, 1921, $902.13; April 29, 1921, $288. And it appeared, further, that on December 20, 1920, Moore paid $200 to appellant, but whether on account of the notes or not was not shown. Taking said $200 payment into account, as we think should be done (21 R.C.L. 97), and allowing interest at the rate stipulated for in the notes, to wit, 8 per cent., a simple calculation shows the amount unpaid (and presumably "lost" within the meaning of the contract) on the notes December 31, 1924, the date of the judgment, to have been $2,682.87. One-half of that sum, the amount appellees by the terms of the contract were bound to pay, was $1,341.43. It appeared without dispute in the testimony that appellees paid $1,255.49 May 5, 1921. That amount, subtracted from the $1,341.43, left $85.94 as the part unpaid of the amount appellees were bound to pay.

We do not think there is merit in *Page 1115 appellant's contention that appellees were estopped, by admissions made by O. C. Bailey while acting as its cashier, from asserting that the part of the $2,000 unpaid was $744.51, the amount sued for; nor do we think there is merit in appellee's contention that they were entitled to have the amount paid by O. C. Bailey to a Houston bank on account of the note for $1,000, made by Moore October 18, 1920, set off against the amount due by them under the contract sued upon.

The judgment will be reversed, and judgment will be rendered here in appellant's favor against appellee for said sum of $85.94 and interest thereon from December 31, 1924.

On Appellee's Motion for Rehearing. In the calculation made by the writer to determine the loss to appellant on account of the Moore notes, the payment of $1,255.49 made by appellee May 5, 1921, instead of being credited as of that date, was credited as if made December 31, 1924, the date of the judgment of the court below. The amount of the loss to appellant on account of the notes on said May 5th was $2,076.80, one-half of which ($1,008.40) was less than said $1,255.49 then paid by appellee. So, crediting the $1,255.49 payment as of the date it was made, it appears that at the time the suit was commenced appellant was not entitled to demand and receive anything of appellee on account of the undertaking of the latter to pay a part of the loss to appellant on account of the notes. It follows that the judgment of the court below should have been affirmed, and that this court erred when it reversed that judgment and rendered judgment here in appellant's favor. Therefore, the motion will be granted and the judgment rendered here March 25, 1926, will be set aside, and the judgment of the court below will be affirmed.

On Appellant's Motion for Rehearing. Appellant, having assigned error on the failure of the trial judges to comply with its request that he reduce his findings of fact and conclusions of law to writing and make same a part of the record, complains because the assignment was ignored in the opinion disposing of the appeal. We did not think there was any merit in the assignment, because it appeared from the judge's qualification of the bill of exceptions presenting the matter that appellant's request that he make and file such findings and conclusions was not called to the judge's attention until after the expiration of the time allowed him in which to comply with such a request. Art. 2075, Vernon's Statutes. Under such circumstances it is held a party has no right to complain that the court did not comply with his request. Foundry Co. v. Dilley (Tex.Civ.App.)140 S.W. 496; Overton v. Colored Knights of Pythias, 173 S.W. 472; Barfield v. Emery, 107 Tex. 306. 177 S.W. 952.

The motion is overruled.

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As stated above, the amount of the notes at the time the parties entered into the contract was $4,523.63. It appeared from the testimony that after that time payments as follows were made on the notes by Moore: November 24, 1920, $1,000; March 20, 1921, $350; April 13, 1921, $902.13; April 29, 1921, $288. And it appeared, further, that on December 20, 1920, Moore paid $200 to appellant, but whether on account of the notes or not was not shown. Taking said $200 payment into account, as we think should be done (21 R.C.L. 97), and allowing interest at the rate stipulated for in the notes, to wit, 8 per cent., a simple calculation shows the amount unpaid (and presumably "lost" within the meaning of the contract) on the notes December 31, 1924, the date of the judgment, to have been $2,682.87. One-half of that sum, the amount appellees by the terms of the contract were bound to pay, was $1,341.43. It appeared without dispute in the testimony that appellees paid $1,255.49 May 5, 1921. That amount, subtracted from the $1,341.43, left $85.94 as the part unpaid of the amount appellees were bound to pay.

We do not think there is merit in *Page 1115 appellant's contention that appellees were estopped, by admissions made by O. C. Bailey while acting as its cashier, from asserting that the part of the $2,000 unpaid was $744.51, the amount sued for; nor do we think there is merit in appellee's contention that they were entitled to have the amount paid by O. C. Bailey to a Houston bank on account of the note for $1,000, made by Moore October 18, 1920, set off against the amount due by them under the contract sued upon.

The judgment will be reversed, and judgment will be rendered here in appellant's favor against appellee for said sum of $85.94 and interest thereon from December 31, 1924.

On Appellee's Motion for Rehearing. In the calculation made by the writer to determine the loss to appellant on account of the Moore notes, the payment of $1,255.49 made by appellee May 5, 1921, instead of being credited as of that date, was credited as if made December 31, 1924, the date of the judgment of the court below. The amount of the loss to appellant on account of the notes on said May 5th was $2,076.80, one-half of which ($1,008.40) was less than said $1,255.49 then paid by appellee. So, crediting the $1,255.49 payment as of the date it was made, it appears that at the time the suit was commenced appellant was not entitled to demand and receive anything of appellee on account of the undertaking of the latter to pay a part of the loss to appellant on account of the notes. It follows that the judgment of the court below should have been affirmed, and that this court erred when it reversed that judgment and rendered judgment here in appellant's favor. Therefore, the motion will be granted and the judgment rendered here March 25, 1926, will be set aside, and the judgment of the court below will be affirmed.

On Appellant's Motion for Rehearing. Appellant, having assigned error on the failure of the trial judges to comply with its request that he reduce his findings of fact and conclusions of law to writing and make same a part of the record, complains because the assignment was ignored in the opinion disposing of the appeal. We did not think there was any merit in the assignment, because it appeared from the judge's qualification of the bill of exceptions presenting the matter that appellant's request that he make and file such findings and conclusions was not called to the judge's attention until after the expiration of the time allowed him in which to comply with such a request. Art. 2075, Vernon's Statutes. Under such circumstances it is held a party has no right to complain that the court did not comply with his request. Foundry Co. v. Dilley (Tex.Civ.App.)140 S.W. 496; Overton v. Colored Knights of Pythias, 173 S.W. 472; Barfield v. Emery, 107 Tex. 306. 177 S.W. 952.

The motion is overruled.

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283 S.W. 1114, 1926 Tex. App. LEXIS 901, Counsel Stack Legal Research, https://law.counselstack.com/opinion/katy-state-bank-v-katy-bank-unincorporated-texapp-1926.

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