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F. D. I. C. LIQUIDATORS, ETC. v. MANNING

No. A2458.

608 S.W.2d 270 (1980)

FEDERAL DEPOSIT INSURANCE CORPORATION LIQUIDATORS OF NORTHEAST BANK, Appellant, v. Thomas M. MANNING, Appellee.

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

October 15, 1980.

Attorney(s) appearing for the Case

Walter Clay Cooke, Christi, Frank L. Skillern, Gen. Counsel, Myers N. Fisher, Asst. Gen. Counsel, Washington, D. C., Jeffrey C. Gerrish, Supervising Atty., Washington, D. C., Meredith, Donnell & Edmonds, Corpus Christi, for appellant.

John W. Patrick, Houston, for appellee.

Before BROWN, C. J., and PAUL PRESSLER and JUNELL, JJ.

JUNELL, Justice.

Appellant, Federal Deposit Insurance Corporation, Liquidator of Northeast Bank (F.D.I.C.), plaintiff in the court below, sued Thomas M. Manning, appellee, on a promissory note. A portion of the unpaid balance on the note had been charged off before Northeast Bank, which held the note, was closed and placed in receivership. F.D.I.C. subsequently purchased the note, among other assets of Northeast Bank, and brought suit for the unpaid balance, including...

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