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GREAT AMERICAN INS. CO. v. SHARPSTOWN STATE BANK

No. B-1620.

460 S.W.2d 117 (1970)

GREAT AMERICAN INSURANCE COMPANY, Petitioner, v. SHARPSTOWN STATE BANK, Respondent.

Supreme Court of Texas.

Rehearing Denied December 9, 1970.

Attorney(s) appearing for the Case

Graves, Dougherty, Gee, Hearon, Moody & Garwood, Thomas G. Gee, Austin, Barrow, Bland & Rehmet, David Bland, Houston, for petitioner.

Kendall, Koch, Randle, Finch & Osborn, Gaynor Kendall, Austin, for respondent.

GREENHILL, Justice.

This is a suit by Sharpstown State Bank on two promissory notes totaling $470,000, and on "note guaranty" bonds issued by the Petitioner, the Great American Insurance Company, guaranteeing the payment of the notes. Summary judgment was entered for the bank against the makers of the notes. No appeal was taken by the makers of the notes, and that matter is not before us.

What is before us is this...

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