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Virginia National Bank v. Holt

Supreme Court of Virginia
219 S.E.2d 881 (1975)


Facts

Virginia National Bank (VNB) (plaintiff) sued Gustava Holt and her husband (defendants) for recovery on a promissory note that appeared to contain the Holts’ signatures. A default judgment was entered against Holt’s husband. Holt, in her pleadings, denied signing the note. At trial, witnesses for VNB testified that the signature on the note was Holt’s. The only evidence offered in support of Holt’s claim that she did not sign the note was a set of answers to interrogatories by VNB indicating that VNB did not know of anyone who saw Holt sign the note and did not know if Holt had authorized her husband to sign her name to the note. The jury entered a verdict in favor of Holt. VNB moved to set aside the verdict. The trial court denied VNB’s motion, holding that the question of the validity of Holt’s signature was a proper question for the jury. The Supreme Court of Virginia granted a writ of error to VNB.

Rule of Law

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Issue

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Holding and Reasoning (Compton, J.)

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  • A "yes" or "no" answer to the question framed in the issue section;
  • A summary of the majority or plurality opinion, using the CREAC method; and
  • The procedural disposition (e.g. reversed and remanded, affirmed, etc.).

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