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SCOTT v. CITIZENS BANK, BATESVILLE

No. 5-4634.

431 S.W.2d 832 (1968)

Ray SCOTT, Appellant, v. The CITIZENS BANK, BATESVILLE, Arkansas, Appellee.

Supreme Court of Arkansas.

September 30, 1968.

Attorney(s) appearing for the Case

Lightle & Tedder, Searcy, for appellant.

Bennett & Purtle, Batesville, for appellee.

HARRIS, Chief Justice.

This case involves a certificate of deposit. Ray Scott of Bald Knob, Arkansas, and Ernie Gaskin were stockholders in the Americana Motel at Bald Knob. A few months after the commencement of the operation of the motel, Scott decided to sell his stock to Archie Mason for $19,000.00. Gaskin and Mason borrowed the money from Citizens Bank of Batesville, and executed their note on June 15, 1964, for that amount, the due date being December 15, 1964...

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