Federal Debt Management, Inc. v. Weatherly

OPINION

KAPLAN, Justice.

This is a collection case. Federal Debt Management, Inc. (FDM) sued Lee Weath-erly to collect all sums due and owing under three promissory notes. The trial court held that FDM’s claims were barred by limitations. FDM appeals. We affirm.

FACTS

Weatherly executed three promissory notes payable to Heritage National Bank. Note 1 was in the principal sum of $1,100 and matured on September 30, 1986. Note 2 was in the principal sum of $4,400 and matured on November 3,1986. Note 3 was in the principal sum of $17,500 and matured on September 2, 1986. Weatherly defaulted in his…