Jack Parker Industries, Inc. v. Federal Deposit Insurance Corp.

OPINION

KOEHLER, Justice.

This is an appeal from a summary judgment granted in favor of Appellee, Federal Deposit Insurance Corporation (referred to herein as FDIC) against Appellants, Jack Parker Industries, Inc. (referred to herein as Parker Industries), and Jack Parker, individually (henceforth referred to as Parker), in a suit on a promissory note signed by Parker Industries and a personal guaranty signed by Jack Parker. We affirm in part and reverse and remand in part.

Parker had been doing business in Odessa as Parker Building Systems, constructing metal buildings. An opportunity arose to…