Holmes v. Dallas International Bank

GUITTARD, Chief Justice.

Dallas International Bank sued Charles Shelton on a promissory note and to foreclose a security interest on certain shares of stock pledged by Shelton. It also sued Robert Holmes on his guaranty of the note. Holmes pleaded various defenses, including a defense of usury and an allegation that the bank had previously disposed of the collateral. Holmes also counterclaimed for damages for usury. The trial court rendered summary judgment against both defendants for the amount claimed on the note, foreclosed the security interest, and denied Holme’s counterclaim. We affirm.

Th…