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COLEMAN v. FEDERAL DEPOSIT INS. CORP.

No. 08-87-00235-CV.

762 S.W.2d 243 (1988)

Willie R. COLEMAN and W. Dwayne Powell, Appellants, v. FEDERAL DEPOSIT INSURANCE CORPORATION, Appellee.

Court of Appeals of Texas, El Paso.

Rehearing Denied December 21, 1988.

Attorney(s) appearing for the Case

Kurt Paxson, Grambling & Mounce, El Paso, for appellants.

Beth A. Kramer, FDIC, Legal Div., Midland, Ray Guy, Jenkens & Gilchrist, Dallas, for appellee.

Before OSBORN, C.J., and SCHULTE and FULLER, JJ.

OPINION

SCHULTE, Justice.

Appellants, individual guarantors of a corporate real property lien note, appeal from a $450,475.42 summary judgment for deficiency after foreclosure. We reverse and remand.

As corporate officers, Appellants individually guaranteed the 1981 note for Judico Enterprises, Inc. The note was payable to The First National Bank of Midland. Default was made when the note fell due December 7, 1982. The corporation took Chapter 11...

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