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  5. 589 S.W.2d 773 (1979)
 

MERCANTILE NAT. BANK AT DALLAS v. ACOUSTICS, INC.

No. 5324.

589 S.W.2d 773 (1979)

MERCANTILE NATIONAL BANK AT DALLAS, Appellant, v. ACOUSTICS, INC., Appellee.

Court of Civil Appeals of Texas, Eastland.

Rehearing Denied November 15, 1979.

Attorney(s) appearing for the Case

Frank L. Jennings, Jennings, Montgomery, Dies & Turner, Graham, for appellant.

John O. Jones, Dallas, for appellee.

RALEIGH BROWN, Justice.

Mercantile National Bank at Dallas, successor trustee of the Butler Trust, successor trust of the Al Rose LeSage Trust, sought collection of an indebtedness evidenced by three promissory notes, all dated in 1965, totaling $525,000 executed by J. A. Enterprises, Inc., payable to the Al Rose LeSage Trust. When the indebtedness originated, J. A. Enterprises, Inc., was a Texas Corporation and all its shares were owned by

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