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FEDERAL DEPOSIT INS. CORP. v. NEWTON

737 S.W.2d 278 (1987)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellant, v. Samuel P. NEWTON and Patrick L. White, Defendants-Appellees.

Court of Appeals of Tennessee, Middle Section, at Nashville.

Application for Permission to Appeal Denied September 8, 1987.

Attorney(s) appearing for the Case

Boyd W. Venable, III, Rex R. Veal, Knoxville, for plaintiff-appellant.

Paul E. Jennings, Jennings, Derrick & Mashburn, Nashville, for defendants-appellees.

Application for Permission to Appeal Denied by Supreme Court September 8, 1987.

OPINION

LEWIS, Judge.

This is an appeal by the plaintiff, Federal Deposit Insurance Corporation (FDIC), as receiver for the American Bank of St. Joseph, Tennessee (Bank), from the trial court's holding that it was not entitled to collect on promissory notes signed by defendants, Samuel P. Newton and Patrick L. White.

For the reasons hereafter set forth, we reverse...

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