KARAM v. BALLOU

No. 9208.

673 S.W.2d 643 (1984)

Richard S. KARAM and Wife, Hannah B. Karam, Appellants, v. William L. BALLOU, Lee P. Kurtenbach, Joel D. Kurtenbach and Eric L. Kurtenbach, Appellees.

Court of Appeals of Texas, Texarkana.

Rehearing Denied June 26, 1984.


Attorney(s) appearing for the Case

William McDowell, Sulphur Springs, for appellants.

Hardy Moore, Paris, for appellees.


BLEIL, Justice.

This appeal concerns the extent that the terms of a promissory note allow prepayment without penalty. We determine that the note provides a full prepayment right and reverse the trial court's judgment.

In November, 1979, William Ballou purchased five tracts of Lamar County land totaling about 1200 acres from Morris and Martha Jo Cass. In part payment he gave them five noninterest bearing notes which are identical in language except for the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases