MOODY v. MAIN BANK OF HOUSTON

No. 01-82-0505-CV.

667 S.W.2d 613 (1984)

Shearn MOODY, Jr., Appellant, v. MAIN BANK OF HOUSTON, Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Denied March 22, 1984.


Attorney(s) appearing for the Case

W. Briscoe Swan, Fred W. Stumpf, Oliver, Stumpf, Falgout & Guynes, Houston, Douglas H. Chilton, Chilton & Shirley, Texas City, for appellant.

William A. Paddock, Houston, Douglas H. Chilton, Chilton & Shirley, Texas City, William E. Matthews, Vicki Birenbaum, Sewell & Riggs, Houston, for appellee.

Before JACK SMITH, DUGGAN and LEVY, JJ.


OPINION

DUGGAN, Justice.

Appellant, Shearn Moody, Jr., appeals from a take nothing judgment based upon a jury verdict in his suit against appellee, Main Bank of Houston, to recover statutory penalties for usury arising out of a contractual clearing house and loan arrangement between the appellee bank and a Galveston bank owned by Moody.

It is undisputed that Main Bank required Moody to guarantee payment of a $116,000 judgment Main Bank had obtained...

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