Cadle Co. v. Estate of Weaver

This case presents the question resolved today in Jackson v. Thweatt, 883 S.W.2d 171 (Tex.1994). Because the decision of the court of appeals, 883 S.W.2d 219, conflicts with our holding in Jackson, we reverse the judgment of the court below and remand the cause to that court for further proceedings.

Forrest Weaver executed two promissory notes to the First National Bank of Irving in February 1984 and February 1986, respectively. The FDIC, as receiver for the bank, acquired these notes in April 1986. The notes went into default in November 1986, and were subsequently assigned by the FDIC to The…