Allied Capital Partners, L.P. v. Bank One, Texas, N.A.

OPINION

Opinion By

Justice BRIDGES.

Allied Capital Partners, L.P. (Allied) and American Factors Corporation (American) appeal the trial court’s summary judgment in favor of Bank One, Texas, N.A. In two issues on appeal, Allied and American argue the trial court erred and misapplied the law in granting Bank One’s motion for summary judgment. We affirm the trial court’s judgment.

In January 1998, Allied and American were in the business of factoring accounts receivable for third-party clients. Allied assigned its factoring contract with Complete Design, Inc. to American but retained an interest in…