(Download) "D. R. Brooks and Irene Brooks v. Peoples" by Supreme Court of Alabama ~ Book PDF Kindle ePub Free

eBook details

Title: D. R. Brooks and Irene Brooks v. Peoples
Author : Supreme Court of Alabama
Release Date : January 09, 1982
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 61 KB

Description

FAULKNER, JUSTICE. On May 18, 1976, D.R. and Irene Brooks executed a promissory note for $50,000.00 to Peoples National Bank of Huntsville. The Brookses gave the Bank a mortgage on a tract of land as collateral for the note. The note was due eighteen months later. The Brookses, in turn, loaned the money to their son's corporation, D&B, Inc. D&B, Inc. became insolvent.