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LEAGUE CITY STATE BANK v. MARES

No. 91.

427 S.W.2d 336 (1968)

LEAGUE CITY STATE BANK, Appellant, v. Robert A. MARES et al., Appellee.

Court of Civil Appeals of Texas, Houston (14th Dist.).

Rehearing Denied April 24, 1968.

Attorney(s) appearing for the Case

Charles R. Hancock, Hancock & Bellard, William E. Carroll, Palmer & Carroll, Dickinson, for appellant.

Ed Schwab, III, Levy, Levy, Schwab & Coughlin, Galveston, Crouch, Cole & Pacetti, Houston, for appellee.

George D. Martin, Crawford, Harris, Martin & Carmona, Galveston, for defendants Holmes et ux.

TUNKS, Chief Justice.

On November 25, 1957, Robert A. Mares and Frank M. Austin, Jr., bought from E. E. Holmes and wife, a tract of real property located in Kemah, Galveston County, Texas. As a part of the consideration for such tract of property, Mares and Austin executed their negotiable promissory note in the principal amount of $12,000.00 dated November 25, 1957, payable in monthly installments of $200.00 each, the first installment of which was due on January...

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