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McPHERSON ENT. v. PRODUCERS CO-OP.

No. 3-91-213-cv.

827 S.W.2d 94 (1992)

McPHERSON ENTERPRISES, INC., doing Business as Bandera Feed & Garden, Appellant, v. PRODUCERS COOPERATIVE MARKETING ASSOCIATION, INC., Appellee.

Court of Appeals of Texas, Austin.

Rehearing Overruled April 22, 1992.

Attorney(s) appearing for the Case

Henry W. Christopher, Jr., Johnson & Christopher, Inc., San Antonio, for appellant.

Marion J. Borchers, Law Offices of Marion J. Borchers, New Braunfels, for appellee.

Before POWERS, JONES, SMITH, JJ.

OPINION

SMITH, Justice.

A grain and feed cooperative sued the owners of a feed store for a delinquent debt. The owners defended that the debt was a corporate debt and, thus, they were not personally liable. The owners also counterclaimed that the cooperative had charged a usurious rate of interest on the debt. The trial court rendered a take-nothing judgment against both parties. We affirm the trial court's judgment.

BACKGROUND

In 1986...

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