Cadle Co. v. Henderson

OPINION

STONE, Justice.

This is an appeal from a summary judgment. Appellant, The Cadle Company (Ca-dle), argues that the trial court erred in granting summary judgment in favor of Ap-pellee, Henderson, on his affirmative defense that the claim against him was barred by the statute of limitations. For the reasons stated herein, we affirm.

Factual and PROCEDURAL History

In 1989, Henderson executed a promissory note and security agreement, payable to NBC Bank Kerrville. The Federal Deposit Insurance Corporation (FDIC) acquired the note, as receiver of the bank. In 1991, the note was purchased from…