Schultz v. Weaver

SHANNON, Chief Justice.

This appeal concerns the construction of a “no recourse” clause contained in a promissory note that appellants assumed in a general warranty deed.

Appellants Pete Michael Schultz and Edmond Martin seek to set aside a summary judgment rendered by the district court of Tom Green County that appellees recover against appellants personally in a suit for the unpaid balance of a promissory note. This Court will reverse the summary judgment.

Before September 1984, appellees conveyed a tract of land in Lampasas County to R.B. Lewis Company, Inc. and received a promissory note…