SOUTHWESTERN RESOLUTION CORP. v. WATSON

No. 97-0148.

964 S.W.2d 262 (1997)

SOUTHWESTERN RESOLUTION CORPORATION, Petitioner, v. Vernon Lee WATSON, individually, and First Texas Realty Corporation, Respondents.

Supreme Court of Texas.

Rehearing Overruled May 8, 1998.


Attorney(s) appearing for the Case

John M. Killian, Judith Lee Ramsey, San Antonio, for Petitioner.

Brently Wayne Free, Jonathan H. Hull, New Braunfels, for Respondents.


PER CURIAM.

An indorsement of a negotiable instrument must be written on the instrument itself or on a paper affixed to the instrument. The dispositive issue in this case is whether an indorsement on a paper stapled and taped to a note meets this requirement as a matter of law. We hold that it does.

Southwestern Resolution Corporation purchased a promissory note executed by First Texas Realty Corp. to Canyon Lake Bank for the principal sum of $85,000, a guaranty...

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