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FDIC v. TENNESSEANS FOR TYREE

No. 88-6249.

886 F.2d 771 (1989)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellant, v. TENNESSEANS FOR TYREE, et al., Defendants, Randy Tyree and P. Douglas Morrison, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided September 21, 1989.

Attorney(s) appearing for the Case

Rex R. Veal, Anne C. Sanders argued, Federal Deposit Ins. Corp., Knoxville, Tenn., for plaintiff-appellant.

W. Keith McCord argued, McCord, Cockrill & Weaver, Knoxville, Tenn., for defendants.

Before KENNEDY and KRUPANSKY, Circuit Judges; and MILES, District Judge.

KENNEDY, Circuit Judge.

Plaintiff FDIC appeals from a lower court judgment absolving defendants Randy Tyree and P. Douglas Morrison of personal liability on a promissory note in the principal amount of $378,750.00 issued by the United American Bank of Hamilton County, Tennessee (UAB-HC) and executed by Morrison with the words "Tennesseans for Tyree by P. Douglas Morrison, Chairman." Plaintiff claims defendants are personally liable on the note under Tennessee law...

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