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DMC VALLEY RANCH, L.L.C. v. HPSC, INC.

No. 05-08-01519-CV.

315 S.W.3d 898 (2010)

DMC VALLEY RANCH, L.L.C., DMC Frisco, L.L.C., Marc A. Wilson, and Daniel P. McDonald, Appellants, v. HPSC, INC., Appellee.

Court of Appeals of Texas, Dallas.

June 25, 2010.

Attorney(s) appearing for the Case

William L. Wolf, Craig P. Henderson, William L. Wolf, P.C., Dallas, TX, for Appellants.

Chad Berry, Jones & Davis, L.L.P., Addison, TX, for Appellee.

Before Justices MORRIS, FITZGERALD, and FRANCIS.

OPINION

Opinion By Justice FITZGERALD.

Appellee HPSC, Inc. sued appellants on certain loan transactions and obtained summary judgment. We reverse and remand.

I. BACKGROUND

A. Allegations

HPSC alleged the following facts in its live pleading. In November 2005, HPSC as lender and appellant DMC Valley Ranch, L.L.C. as borrower entered a finance agreement and security agreement. DMC Valley Ranch used the money to acquire equipment...

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