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U.S. v. ALPHAGRAPHICS FRANCHISING, INC.

No. 92-2279 Summary Calendar.

973 F.2d 429 (1992)

UNITED STATES of America, Plaintiff-Appellee, v. ALPHAGRAPHICS FRANCHISING, INC., Defendant-Appellant.

United States Court of Appeals, Fifth Circuit.

September 29, 1992.

Attorney(s) appearing for the Case

Kent J. Pagel, Martyn B. Hill, Pagel & Davis, Houston, Tex., for defendant-appellant.

William Allen Wirth, Marianne K. Tomecek, Asst. U.S. Attys., Ronald G. Woods, U.S. Atty., Houston, Tex., for plaintiff-appellee.

Before GOLDBERG, KING, and GARWOOD, Circuit Judges.

PER CURIAM:

"Words pay no debts"1

This case is about a failed loan, guaranteed by the Small Business Administration ("the SBA"). Appellant Alphagraphics Franchising, Inc. ("Alphagraphics"), another guarantor of the loan, claims that the SBA caused the deterioration of collateral securing the loan by willfully failing to maintain it. We affirm.

I.

When, in the summer of 1987, Kenneth Babbit defaulted on...

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