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INTERNATIONAL BANK N.A. v. MORALES

No. C-6147.

736 S.W.2d 622 (1987)

INTERNATIONAL BANK, N.A. v. Roberto MORALES

Supreme Court of Texas.

Rehearing Denied October 21, 1987.

Attorney(s) appearing for the Case

Dennis Sanchez, Sanchez, Whittington & Sanchez, Brownsville, Rollins M. Koppel and Jeffrey L. Jackson, Koppel, Ezell, Jackson & Powers, Harlingen, for petitioner.

E. Dale Robertson, Robertson & Nunez, Brownsville, Larry Zinn, San Antonio, for respondent.

OPINION

GONZALEZ, Justice.

The primary issue in this suit for damages for wrongful foreclosure of collateral is the propriety of an award of exemplary damages. Roberto Morales obtained a loan from International Bank and pledged jewelry as collateral. When Morales defaulted, the Bank sold the collateral without written notice. Based on a jury verdict, the trial court rendered judgment for Morales for $100,000 in actual damages and $190,000 in exemplary damages...

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