(Download) "Mcintyre Electric Service v. Southtrust" by Supreme Court of Alabama # Book PDF Kindle ePub Free

January 17, 2021

eBook details

Title: Mcintyre Electric Service v. Southtrust
Author : Supreme Court of Alabama
Release Date : January 19, 1986
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 61 KB

Description

ALMON, JUSTICE. This appeal arises from a summary judgment for counter-defendant bank on a counterclaim seeking damages for fraud. SouthTrust Bank of Mobile sued McIntyre Electric Service, Inc., (McIntyre Electric) and D. E. McIntyre for sums due on various notes. McIntyre Electric and McIntyre counterclaimed, alleging that SouthTrust, through its agent Rick L. Chastain, misrepresented that it would ""stand behind McIntyre financially in order that McIntyre Electric might reach financial stability."" The counterclaim alleges that SouthTrust's actions of May 20, 1983, in calling in its loans, asking McIntyre Electric's debtors to make payments to SouthTrust, and setting off the amounts in McIntyre Electric's account against its debt to SouthTrust, demonstrate the falsity of SouthTrust's assurances that it would assist McIntyre Electric financially.