Federal Deposit Insurance v. Enventure V
Court of Appeals for the Fifth Circuit
1Opinion of the Court
REYNALDO G. GARZA, Circuit Judge:
The Federal Deposit Insurance Corporation (“FDIC”) brought suit on behalf of a failed bank to collect a debt owed the bank by Enventure V, a Texas Limited Partnership (“Enventure”), Allen B. Daniels (“Daniels”), and Don C. Horton (“Horton”). The court below granted summary judgment in favor of the FDIC. The obligors have appealed. We reverse.
BACKGROUND
On July 15, 1986, Enventure received a loan for $131,697.03 from Western Bank— Westheimer (“Western Bank”). Daniels and Horton, in addition to being general partners in Enventure, also signed continuing…
2Cases cited8 opinions
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