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FEDERAL DEPOSIT INSURANCE CORP v. MORGAN

727 S.W.2d 500 (1986)

FEDERAL DEPOSIT INSURANCE CORP., Plaintiff/Appellee, v. Bobby MORGAN, Defendant/Appellant.

Court of Appeals of Tennessee, Western Section, at Knoxville.

Application for Permission to Appeal Denied April 6, 1987.

Attorney(s) appearing for the Case

David B. Maxwell, Sevierville, for defendant/appellant.

Sally C. Bradley and Michael Tranum, Knoxville, for plaintiff/appellee.

Application for Permission to Appeal Denied by Supreme Court April 6, 1987.

TOMLIN, Presiding Judge, Western Section.

The Federal Deposit Insurance Corporation (FDIC), as a substituted plaintiff,1 was awarded a judgment against Bobby Morgan in the Chancery Court of Knox County in a suit seeking to recover the balance remaining on a promissory note after collateral for the note had been sold pursuant

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