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FULTON v. EDGE

No. 4775.

435 S.W.2d 263 (1968)

Raymond FULTON, Appellant, v. J. D. EDGE, Appellee.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied December 26, 1968.

Attorney(s) appearing for the Case

Bill Stephens, Collie & McSpedden, Dallas, for appellant.

J. Harris Morgan, Greenville, Donald R. Smith, Commerce, for appellee.

OPINION

WILSON, Justice.

Summary judgment was rendered for defendant Edge in plaintiff Fulton's subrogation action as guarantor against Edge as principal for amounts advanced to a bank in satisfaction of Edge's obligation.

The record shows that Edge leased equipment from Fulton under a written lease which Fulton assigned to the bank. Fulton guaranteed Edge's payment to the bank as the lease provided. Edge failed to make payments called for by the...

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