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WYNNEWOOD STATE BANK v. EMBREY

No. 17389.

451 S.W.2d 930 (1970)

WYNNEWOOD STATE BANK, Appellant, v. James L. EMBREY, Appellee.

Court of Civil Appeals of Texas, Dallas.

Rehearing Denied March 13, 1970.

Attorney(s) appearing for the Case

Wm. Andress, Jr., Andress, Woodgate & Hartt, Sanders & Nolen, Dallas, for appellant.

H. Louis Nichols, Saner, Jack, Sallinger, & Nichols, Dallas, for appellee.

BATEMAN, Justice.

The appellant Wynnewood State Bank sued appellee James L. Embrey on a letter agreement, and now appeals from a take-nothing judgment. The case turns on the interpretation of that letter.

In 1960 one John Harris borrowed $60,000 from appellant, giving his note for that amount secured by the pledge of 249 shares of the capital stock of Mayridge Investment Company and a letter dated November 11, 1960, signed by Embrey agreeing to purchase the...

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