Canion v. Texas Cycle Supply, Inc.

SHANNON, Justice.

The receiver for Texas Cycle Supply, Inc., filed suit in the district court of Travis County against J. R. Canion, Jr., appellant, seeking the cancellation of a deed to a parcel of land and a judgment declaring that the said real estate was owned in fee simple by the corporation. After trial to the court, judgment was entered in favor of the corporation. We will reverse that judgment.

The receiver’s cause of action and Can-ion’s defenses were not fully pleaded. For present purposes, it is sufficient to state that the receiver’s position was that Canion, as an officer and…