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Dupree, Ms. Dawson’s mother, had signature authority for the
joint account.
The statements for the foregoing accounts were mailed to the
residence of petitioner and Ms. Dawson. Petitioner opened and
looked at some of the statements. Petitioner also knew where the
statements were kept at their residence, and he was able to
review them whenever he desired.
Beginning March 15, 1989, and continuing thereafter through
the remainder of 1989, petitioner and Ms. Dawson maintained a
joint checking account with First National Bank of Mid County.
Both petitioner and Ms. Dawson had signature authority for the
joint checking account. Petitioner wrote checks on the account
to pay family bills. The statements for the account were also
sent to petitioner’s residence. Petitioner reviewed and
reconciled the statements.
On October 22, 1987, a home improvement loan from Texaco
P.A.W. to petitioner and Ms. Dawson in the amount of $7,520.34
was outstanding. On that date, petitioner and Ms. Dawson applied
for and received an additional home improvement loan in the
amount of $15,191.69 from Texaco P.A.W. and refinanced the
outstanding balance of the earlier home improvement loan. The
new balance of the home improvement loan they received on that
date thus became $22,712.03.
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