McRoberts v. Tesoro Savings & Loan Ass'n

OPINION

REEVES, Justice.

This is an appeal from a partial summary judgment suit. 1 The trial court severed and finalized a portion of the suit in which the court found the guarantors of a note liable for payment and denied them the right to assert the defense of usury.

In 1984, the Gold Park Development Partnership, a Texas general partnership, through its general partners, borrowed $5.1 million from Tesoro Savings and Loan Association for the acquisition and development of real property in Tyler, Texas. When the promissory note was executed, all sixteen (16) of the general partners signed the…