Penhollow Custom Homes, LLC v. Kim
Texas Court of Appeals, 8th District (El Paso)
1Opinion of the Court
OPINION
ANN CRAWFORD McCLURE, Justice.
Penhollow Custom Homes, LLC and Steven J. Penhollow appeal from a judgment entered in favor of Cornelius and Jong Kim. For the reasons that follow, we affirm in part and reverse in part.
FACTUAL SUMMARY
Penhollow Custom Homes (PCH) is a custom home builder. Steven Penhollow is the owner and sole employee of PCH. He is not paid a salary by the corporation but takes an owner’s draw from the profits. On May 8, 2000, the Kims entered into a contract with PCH for the construction of a new home. At the closing on December 5, 2000, PCH provided the Kims with a…
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