Federal Deposit Insurance Corporation v. Westminster Glen Joint Venture, Inc. Paige Massey And Westminster Glen, Inc.

FDIC

IN THE COURT OF APPEALS, THIRD DISTRICT OF TEXAS,

AT AUSTIN

NO. 3-92-588-CV

FEDERAL DEPOSIT INSURANCE CORPORATION,

APPELLANT

vs.

WESTMINSTER GLEN JOINT VENTURE, INC.; PAIGE MASSEY;

AND WESTMINSTER GLEN, INC.,

APPELLEES

FROM THE DISTRICT COURT OF TRAVIS COUNTY, 250TH JUDICIAL DISTRICT

NO. 448,169, HONORABLE PETE LOWRY, JUDGE PRESIDING

In a bench trial, the Federal Deposit Insurance Corporation (FDIC), appellant, sought to collect on a promissory note and guaranty agreements against Westminster Glen, Inc. (1) (WGI) and Paige Massey, appellees, and Charles R. Webb. (2) After FDIC presented its evidence…