[Download] "Gunn-Olson-Stordahl Joint Venture v. Early Bank" by Eleventh District, Eastland Court of Appeals of Texas ~ Book PDF Kindle ePub Free
eBook details
- Title: Gunn-Olson-Stordahl Joint Venture v. Early Bank
- Author : Eleventh District, Eastland Court of Appeals of Texas
- Release Date : January 31, 1988
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
Gunn-Olson-Stordahl Joint Venture presented an instrument labeled "letter of credit" to The Early Bank for payment. The Early Bank refused to honor the "letter of credit" and filed suit interpleading Gunn-Olson-Stordahl and Joe Gilbreth. The Early Bank tendered the disputed funds into the registry of the court. Ben. D. Sudderth, who had signed the instrument in his capacity as Chairman of the Board of The Early Bank, intervened stating that he had agreed to hold the bank harmless on the "letter of credit." Sudderth field a motion for summary judgment which was granted. From this judgment, the joint venture appeals. We reverse and remand.