First State Bank of Canadian v. McMordie

DODSON, Justice.

Appellant, First State Bank of Canadian, Texas, appeals from a judgment awarding damages of $75,000.00 to appellee, John J. McMordie, under the Texas Deceptive Trade Practices-Consumer Protection Act (the Act). Since we conclude that appellee is not a consumer as required by the Act, we reverse and render judgment for appellant.

In the spring and summer of 1987, John J. McMordie (McMordie), a rancher in Canadian, Texas, was in the process of refinancing a debt he owed to the First National Bank of Amarillo and obtaining a one million dollar line of credit. He hoped to use the…