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F.D.I.C. v. BLEDSOE

No. 92-1575.

989 F.2d 805 (1993)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Counter Defendant-Appellant, v. Roy William BLEDSOE, Defendant-Counter Claimant-Appellee.

United States Court of Appeals, Fifth Circuit.

Rehearing Denied June 7, 1993.

Attorney(s) appearing for the Case

Paul C. Wolf, Richard Early Elsea, F.D.I.C., Dallas, TX, for plaintiff-counter defendant-appellant.

Richard L. Bufkin, Roy Johnson Monk, Jr., Seeligson & Steinberg, Dallas, TX, for defendant-counter claimant-appellee.

Before POLITZ, Chief Judge, GOLDBERG, and JONES, Circuit Judges.

GOLDBERG, Circuit Judge:

The Federal Deposit Insurance Corporation ("FDIC") appeals the district court's grant of summary judgment in favor of Roy William Bledsoe ("Bledsoe"). The lower court held that the FDIC's action to recover payment on a promissory note guaranteed by Bledsoe was barred by the statute of limitations. We reverse.

The Nomadic Note

On May 27, 1983, Galleon Builders, Inc. ("Galleon") executed a promissory note in the principal...

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