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PHIPPEN v. DEERE AND CO.

No. 06-97-00077-CV.

965 S.W.2d 713 (1998)

Clark PHIPPEN, Four Star Rv and Marine, Inc., Moped Traveland, Inc., and James Ted Williams, Appellants, v. DEERE AND COMPANY, Successor In Interest To John Deere Company, Appellee.

Court of Appeals of Texas, Texarkana.

Decided March 17, 1998.

Attorney(s) appearing for the Case

Walter D. Snider, Snider, Donaldson & Wolfrom, Beaumont, for Appellants Phippen and Four Star RV.

Warren G. Clark, Provost & Umphrey, Port Arthur, for Appellants Moped and Williams.

Ron H. Moss, Graves, Doughery, Hearon, Moody, Austin, for Appellee Deere.

Before CORNELIUS, C.J., and GRANT and ROSS, JJ.

OPINION

ROSS, Justice.

This appeal arises from a business transaction between Moped Traveland, Inc. and Deere and Company. In March 1991, Deere financed Traveland's purchase of motor homes from Monaco, a manufacturer of recreational vehicles. Traveland defaulted on repayment of the loan on one of the vehicles, number 18053, and Deere filed suit against Traveland, James T. Williams (Traveland initial president and sole initial stockholder), Four Star RV and...

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