Alma Group, L.L.C. v. Palmer

OPINION

Opinion by

Justice CASTILLO.

This is a suit on a note. By two issues, appellant Alma Group, L.L.C. (“Alma”), holder of the note, appeals: (1) a take-nothing judgment in favor of the debtors, Gamble J. Palmer and Jean T. Cravens (collectively, “Palmer”), appellees; and (2) the trial court’s award of attorney fees to Palmer. We reverse and remand.

I. FACTS

On December 29, 1986, Palmer executed a real estate lien note, made payable to United Bank of Texas, in the amount of $160,000 (the “original note”). The State Banking Commissioner declared United Bank of Texas insolvent and appointed the…