# Jones Valley Finance Co., Inc. v. Tennille

> Supreme Court of Alabama · November 5, 1959 · 270 Ala. 738

URL: https://www.frixlaw.com/law-library/cases/7372033

## Case

- **Full name:** Jones Valley Finance Co., Inc. v. Melvin Tennille and Dorothy S. Brown.
- **Court:** Supreme Court of Alabama
- **Decided:** November 5, 1959
- **Citations:** 270 Ala. 738; 115 So. 2d 504; 1959 Ala. LEXIS 590
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Livingston
- **Judges:** Livingston, Lawson, Stakely, Merrill
- **Cited by:** 7 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/7372033

## Opinion text

LIVINGSTON, Chief Justice.
As we understand the opinion of the Court of Appeals, it is based on a finding by that court that the certificates evidence the owners of preferred stock as distinguished from a certificate of indebtedness, and that they do not include a promise to pay interest. This finding is based on the evidence, and the Court of Appeals held that the stock certificates were not the sole memoranda of the agreement between the parties.
So considered, we think the writ should be denied. It is so ordered.
Writ denied.
LAWSON, STAKELY and MERRILL, JJ., concur.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/7372033. Public record. Not legal advice.