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HERITAGE HOUSING CORP. v. FERGUSON

No. 05-82-00993-CV.

651 S.W.2d 272 (1983)

HERITAGE HOUSING CORPORATION, Appellant, v. Harriet A. FERGUSON, Appellee.

Court of Appeals of Texas, Dallas.

January 7, 1983.

Attorney(s) appearing for the Case

F. Ward Steinbach, Dallas, for appellant.

Melvin J. Klein, Dallas, for appellee.

Before GUITTARD, C.J., and AKIN and STEPHENS, JJ.

PER CURIAM.

Appellant has moved for leave of court to file a letter of credit in lieu of supersedeas bond. The issue presented in whether a letter of credit may be filed in lieu of a surety bond pursuant to rule 14c of the Texas Rules of Civil Procedure. We deny the motion on the ground that a letter of credit is not a "negotiable obligation" within that rule.

On August 12, 1982, the trial court set a supersedeas bond in the amount of $50,000. Instead of filing...

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