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RESOLUTION TRUST v. PARK LEASING

No. 10-92-157-CV.

855 S.W.2d 220 (1993)

RESOLUTION TRUST CORPORATION, et al., Appellants, v. PARK LEASING COMPANY d/b/a Maytag Financial Services Corporation, Appellee.

Court of Appeals of Texas, Waco.

Rehearing Denied June 23, 1993.

Attorney(s) appearing for the Case

Foster Reese, III, Chapman & Reese, Dallas, for appellants.

Pierre A. Kleff, Jr., Killeen, for appellee.

Before THOMAS, C.J., and CUMMINGS and VANCE, JJ.

OPINION

THOMAS, Chief Justice.

Park Leasing Company (Park), an Iowa corporation doing business as Maytag Financial Services Corporation, sued Fortune Financial Federal Savings Association (Fortune), James Cox (an officer of Fortune), and Resolution Trust Corporation (RTC) for the breach of a "hypothecation" agreement executed by Cox on Fortune's behalf. When the defendants did not answer, the court granted Park...

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