Horne v. Salado Creek Development Co.

CLAYTON, Justice.

Plaintiffs Gus Preissman and wife, Thelma Preissman, Ben Katz, John Oliver and James Warncke brought this action against Salado Creek Development Co., Moses Mus-quiz, Jr., W. G. Horne, III, and Continental Bank of Texas, seeking recovery upon a promissory note in the original amount of $1,044,875, executed by defendant Salado Creek Development Company, co-signed by Moses Musquiz, Jr., and co-signed by W. G. Horne, III, with an express recitation that his (Horne’s) personal liability extended only to the amount of $410,000. Plaintiffs also sought damages for fraud and deceit…