United States Fidelity & Guaranty Co. v. Smith

RALEIGH BROWN, Justice.

United States Fidelity & Guaranty Company and First Bank and Trust Company of Richardson, Texas, sued for foreclosure of a lien against real property located in Dallas County of Ernest Duane Smith, Jr. for taxes owed by Daniel B. Smith d/b/a Forest-Dallas Oil Company. USF&G, as the surety on the motor fuel distributor and special fuels supplier bonds of Daniel B. Smith, made payment to the State of Texas for unpaid taxes owed by Daniel B. Smith and received an assignment from the State of its rights against Daniel B. Smith. Part of the claim was assigned by USF&G to…