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GRAMERCY INS. CO. v. ARCADIA FINANCIAL LTD.

No. 03-00-00714-CV.

96 S.W.3d 320 (2001)

GRAMERCY INSURANCE COMPANY/ARCADIA FINANCIAL LTD., Appellants, v. ARCADIA FINANCIAL LTD./GRAMERCY INSURANCE COMPANY, Appellees.

Court of Appeals of Texas, Austin.

Rehearing Overruled November 8, 2001.

Attorney(s) appearing for the Case

G. Dennis Sullivan, Sullivan, Ave & Holston, Dallas, for Gramercy.

Donald L. Turbyfill, Devlin, Naylor & Turbyfill, P.L.L.C., Houston, for Arcadia.

Before Chief Justice ABOUSSIE, Justices YEAKEL and PATTERSON.

LEE YEAKEL, Justice.

Appellant Gramercy Insurance Company ("Gramercy") appeals from a county-court-at-law judgment in favor of appellee, Arcadia Financial Ltd. ("Arcadia"). Arcadia sued Gramercy seeking recovery under a statutory motor-vehicle-dealer bond after Arcadia obtained judgment against the bond's principal, Car One Finance, Inc. ("Car One"), in federal district court. We will modify and, as modified, affirm the...

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