F.D.I.C. v. GAMALIEL FARM SUPPLY, INC.


726 S.W.2d 709 (1987)

FEDERAL DEPOSIT INSURANCE CORPORATION in the place and stead of The Gamaliel Bank, Appellant, v. GAMALIEL FARM SUPPLY, INC.; Paul R. Lee and Nancy H. Lee, husband and wife; Adrain B. Lee and Cly Lee, husband and wife; and Derek Lee, a single person, Appellees.

Court of Appeals of Kentucky.

Discretionary Review Denied by Supreme Court April 21, 1987.


Attorney(s) appearing for the Case

Jerry A. Burns, Harlin, Parker & Rudloff, Bowling Green, for appellant.

Herbert B. Sparks, Edmonton, James C. Jernigan, Tompkinsville, for appellees.

Before LESTER, MILLER and WILHOIT, JJ.


WILHOIT, Judge.

This is an appeal from a judgment of the Monroe Circuit Court based upon a jury verdict which held the appellee, Adrain Lee, was not liable to the appellant for payment of two promissory notes signed by him. The two notes were payable to the Gamaliel Bank. The appellant, Federal Deposit Insurance Corporation (FDIC), is the receiver of the Gamaliel Bank which was closed by order of the Kentucky Commissioner of Banking.

On August 18, 1979, Paul...

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