Bache Halsey Stuart Shields, Inc. v. University of Houston

BASS, Justice.

This suit involves transactions entered into between appellant, Bache, Halsey, Stuart, Shields, Inc. (“Bache”), a brokerage firm, and two employees of appellee, the University of Houston (the “University”). On appeal Bache asserts twenty-seven points of error, while the University raises eight counterpoints. To simplify the case, the points of error and counterpoints have been grouped under the five following questions: 1) Is a repurchase agreement a “debt” within the meaning of art. Ill, § 49 of the Texas Constitution? 2) Is a repurchase agreement involving government…