Republic Nat. Bank of Dallas v. Howell

This is a suit to enforce a judgment on a promissory note rendered by the district court of Dallas, Texas.

On August 10, 1973, Republic National Bank of Dallas (Republic) obtained a consent judgment against Gaines L. Howell in the amount of $106,278.55. The judgment stemmed from a loan made by Republic to Howell of $78,000 and included unpaid interest accruing thereon since 1969.

Republic did not collect the judgment, but on January 29, 1980, the parties entered into an agreement of release and satisfaction of the judgment. Although the agreement recites only $10.00 as monetary consideration,…