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MARTIN v. ESTATE OF MARTIN

No. 89-CA-0668.

599 So.2d 966 (1992)

L.H. MARTIN v. ESTATE OF W.W. MARTIN, Jr., Deceased.

Supreme Court of Mississippi.

Rehearing Denied June 17, 1992.

Attorney(s) appearing for the Case

Guy M. Walker, II, Laurel, for appellant.

Anthony L. Thaxton, Gilchrist Sumrall Thaxton & Yoder, Laurel, for appellee.

Before DAN M. LEE, P.J., and ROBERTSON and McRAE, JJ.

ROBERTSON, Justice, for the Court:

I.

This is a simple suit on a note. It seems the proceeds of a predecessor note were used in the original maker/bank president's efforts to deceive FDIC bank examiners. The maker of today's note assumed the obligations of the original note, and his estate defends on grounds the note was tainted with illegality. The Chancery Court credited the defense.

We reverse, for reasons presently set forth.

II.

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