Beesley v. Hydrocarbon Separation, Inc.

OPINION

Opinion By

Justice MURPHY.

Appellant Charles Robert Beesley sued appellees Hydrocarbon Separation, Inc. (HSI) and Wilfred Gary McPeak for breach of contract and fraud. The trial court granted appellees’ motions for summary judgment. We affirm the trial court’s judgment in part, reverse in part, and remand the cause.

Background

In 1992, HSI purchased all of the shares of Dell Chemical and Marketing Limited (Dell Chemical), a Canadian corporation owned by Beesley. Dell Chemical owned the formula for a product called Value 100 used in cleaning hydrocarbons from oil field equipment. In…