Legal Opinion
Bexar County National Bank of San Antonio v. Hernandez
Texas Supreme Court
Decided September 10, 1986No. C-5540PublishedCited by 17 opinions
1Opinion of the Court
ON APPLICATION FOR WRIT OF ERROR
2Per curiam
Robert Hernandez and Larry Thompson signed an agreement to guarantee the repayment of loans made by Bexar County National Bank of San Antonio to Lotus Southwest, Inc., a corporation formed to sell Lotus automobiles. Lotus, Inc. defaulted on the notes and the bank repossessed the remaining automobiles which were collateral securing the note.
Six months later the co-guarantor Thompson worked out an arrangement with the bank to take possession of the automobiles in order to repair them for resale. Ultimately, the autos were sold to third parties with the proceeds…
3Cases cited2 opinions
4Cited by17 opinions
- Greathouse v. Charter National Bank-SouthwestTexas Supreme Court · 1992
- Barham v. Turner Construction Co. of Texas, Texas Court of Appeals, 5th District (Dallas)1990
- Multi-Moto Corp. v. ITT Commercial Finance Corp., Texas Court of Appeals, 5th District (Dallas)1990
- Chase Commercial Corp. v. Datapoint Corp., Texas Court of Appeals, 5th District (Dallas)1989
- Long v. NCNB-Texas National Bank, Texas Court of Appeals, 13th District1994
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