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PARKER SQUARE STATE BANK v. TRIANGLE SUPPLY CO.

No. 3768.

364 S.W.2d 418 (1963)

PARKER SQUARE STATE BANK et al., Appellants, v. TRIANGLE SUPPLY COMPANY et al., Appellees.

Court of Civil Appeals of Texas, Eastland.

Rehearing Denied February 15, 1963.

Attorney(s) appearing for the Case

Lee Humphrey, W. H. Sanders, Ernest Robertson, Wichita Falls, for appellants.

Ross H. Scott, Dallas, Jack Bryant, Raleigh Brown, Abilene, Robert E. Bowers, Breckenridge, Mike Lee, Abilene, Ronald Stephens, Graham, Kenneth J. Wise, Wichita Falls, Gary Cole, Jr., Asst. U. S. Atty., Ft. Worth, H. G. Andrews, Jr., Stamford, Byron Scarborough, Ft. Worth, for appellees.

GRISSOM, Chief Justice.

Wise and Steadham Drilling Company drilled many oil wells for Fletcher Oil & Gas Drilling Corporation. As each well was completed Wise and Steadham presented to Fletcher an invoice and it approved the account and agreed that it should be assigned to a designated assignee. Although payment was due upon completion of each well, Fletcher ordinarily paid its accounts thirty to sixty days after an invoice was so presented and approved. In the...

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