C.F. Southern Region, Inc. v. Marshall

OPINION

PAUL PRESSLER, Justice.

Appellant sued to collect on a $50,000 promissory note given to it by the appellee who was a former employee. Appellee counterclaimed for breach of his employment agreement and for fraud and misrepresentation. As a condition of employment, the appellee was to be promoted to Vice-President of his Department after six months upon review of his performance. The employment agreement included an interest free promissory note which represented a loan to the appellee as an employment incentive. At the end of the six month period, the appellee was not promoted. He…