Bishop v. National Loan Investors, L.P.

OPINION

RICHARDS, Justice.

Philip R. Bishop, guarantor of a promissory note, appeals from a summary judgment awarding National Loan Investors, L.P. (“NLI”) the balance due on the note. In 1990, Dan Royall, Jr. executed a promissory note in favor of the Kerens Bank. The note was secured by a guaranty given by Bishop on November 2,1990. The note and guaranty were transferred to NLI by the FDIC after Kerens Bank was declared insolvent. In two points of error, Bishop claims that the trial court erred in granting NLI’s summary judgment and denying Bishop’s motion for summary judgment because Bishop…