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VASTINE v. BANK OF DALLAS

No. C-9175.

808 S.W.2d 463 (1991)

William T. VASTINE, Petitioner, v. BANK OF DALLAS, Respondent.

Supreme Court of Texas.

Rehearing Overruled June 12, 1991.

Attorney(s) appearing for the Case

W. Robert Gray, Ralph C. Perry-Miller, Dallas, for petitioner.

Michael E. Robinson, Mark E. Andrews, Martin R. Wiarda, Laura L. Worsham, Dallas, for respondent.

PER CURIAM.

Respondent, Bank of Dallas, filed suit against Petitioner, William Vastine, to collect on Vastine's personal guaranty of promissory notes executed by Advanced Communities, Inc. (ACI). The promissory notes were executed to finance construction of townhouses. Vastine originally guaranteed a total of $1,280,700, which covered two promissory notes of ACI. ACI defaulted on the second note and the Bank foreclosed on the security. The trial court rendered summary...

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