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FDIC v. TENNESSEE WILDCAT SERVICES, INC.

Nos. 87-5002, 87-5047.

839 F.2d 251 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, in its Corporate Capacity, Plaintiff-Appellant, v. TENNESSEE WILDCAT SERVICES, INC.; Jack W. Creech; and Arvil K. Guyton (87-5002), Troxel Motors, Inc.; Keith A. Jeffers; and Clendon Blakely (87-5047), Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided February 3, 1988.

Attorney(s) appearing for the Case

A. Ann Johnson (argued), Michael L. Powell, Knoxville, Tenn., for plaintiff-appellant in No. 85-5047.

Stephen M. Crampton (argued), Baker, Worthington, Crossley, Stansberry and Woolf, Huntsville, Tenn., for defendants-appellees in No. 87-5047.

Kathleen S. Molinar, Michael L. Powell, Knoxville, Tenn., A. Ann Johnson (argued), for plaintiff-appellant in No. 87-5002.

J. Randolph Humble (argued), Rainwater, Humble and Vowell, Knoxville, Tenn., for defendants-appellees in No. 87-5002.

Before LIVELY, Chief Judge, KENNEDY, Circuit Judge, and PECK, Senior Circuit Judge.

LIVELY, Chief Judge.

The question to be answered in these consolidated appeals is whether signers of promissory notes, who claim to have signed as corporate agents, sufficiently complied with legal requirements for avoiding personal liability. Holding that the signers had so complied, the district court, in separate orders, granted summary judgment in their favor. The Federal Deposit Insurance Corporation (FDIC), holder of the notes in its corporate capacity by virtue...

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