West Texas Bank & Trust Co. v. Rice
This text of 185 S.W. 1047 (West Texas Bank & Trust Co. v. Rice) 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.
Opinion
This suit originated in the justice’s court, where appellee sought to recover of appellant the sum of $145.74, which it was alleged had been appropriated by appellant to its own use and benefit. In the justice’s court appellee recovered a judgment for $145, and appellant perfected an appeal to the county court of Bexar county for civil cases. In the latter court the cause was tried without a jury, and judgment rendered in favor of appellee for $162.49.
This case must be determined upon the facts, which show that on October 20, 1911, I. M. Moore, Delcambre & Jones, Woods & Paschal, and W. 0. Lott held a claim against J. M. Ramsey for certain commissions for the sale of real estate; that, desiring to put the claim in the hands of one man, all the parties transferred their parts of the claim to W. O. Lott, with the understanding that he should collect his part and theirs also, and then settle with them. Lott paid no consideration for the transfer. On November 21, 1911, Lott, in consideration of an extension of his indebtedness to appellant, sold and transferred to it the whole of the claim against Ramsey. Appellant knew that Lott owned only a part of the debt against Ramsey, for the matter was fully explained to appellant by A. M. Delcambre before he signed the transfer to Lott, and the bank president informed him that his interest would be protected by appellant. Afterwards appellant sued Ramsey and Lott on the claim, and obtained judgment. During the trial I. M. Moore, an owner of an interest in the claim, learned that the claim had been transferred by Lott to appellant, and he went immediately to the bank and was assured that his rights would be protected. Moore got his part of the judgment by a sale to Lott. Woods & Paschal were also paid their part of it. On October 25, 1913, A. M. Delcambre assigned his part of the judgment to appel-lee.
' The judgment is affirmed.
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185 S.W. 1047, 1916 Tex. App. LEXIS 575, Counsel Stack Legal Research, https://law.counselstack.com/opinion/west-texas-bank-trust-co-v-rice-texapp-1916.