NCL Studs, Inc. v. Jandl

OPINION

O’CONNOR, Justice.

This is a suit on promissory notes and guarantees. After a non-jury trial, the trial court rendered judgment for defendant and filed findings of fact and conclusions of law. We reverse and remand.

In 1986, Judith Jandl, defendant, was president of Lone Star Screw Company, a manufacturer and distributor of fasteners. Lone Star Screw regularly purchased steel studs from NCL Studs, Inc. (NCL), plaintiff. When Lone Star Screw became delinquent in paying its invoices, NCL wanted to consolidate the debt, arrange for regular payment, and get a personal guarantee for the…