Ron Shepherd Insurance, Inc. v. Shields

RUSSON, Justice:

Plaintiffs Ronald Lee Shepherd and Ron Shepherd Insurance, Inc. (RSI), appeal from the trial court’s denial of their motion entitled “Motion for Reconsideration” and its entry of summary judgment in favor of defendants William Gerald Shields, Marilyn Shields, William Scott Shields, Jeffrey Shields, Donald R. Mayer, and Universal Business Insurance, Inc. 1 We reverse and remand.

FACTS

On December 13, 1988, Shields Insurance, Inc., entered into a written agreement with a company called Insurance, Inc., 2 in which Insurance, Inc., agreed to assume $200,000 of debts owed to the…