Laid Rite, Inc. v. Texas Industries, Inc.

OPINION

BREWSTER, Justice.

This suit was filed by the plaintiff, Texas Industries, Inc., against the defendants, Laid Rite, Inc., and Tom Russell, Jr., an individual, seeking to recover from defendants the principal, interest and attorneys’ fees provided for in a promissory note that defendants had executed on April 30, 1968, payable to plaintiff on or before April 30, 1969. The note was for the principal sum of $47,658.02, and it provided for payment of interest at six percent.

Defenses to the note alleged in defendants’ answer were: (1) the execution of the note was induced by false promises…