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84 Lumber Company L.P. v. Powers

This appeal is from the grant and denial of cross-motions for summary judgment in a contract case. 84 Lumber contends that David Powers is liable as a matter of law in his capacity as personal guarantor for the debt of David Powers Homes Inc. A president of the corporation is liable for the credit his company received by means of his personal guaranty of his own company's debts. The portion of the trial court's judgment that denied summary judgment on 84 Lumber's claims against David Powers individually and that granted David Powers' cross-motion for summary judgment against 84 Lumber is reversed; judgment is rendered that David Powers is liable as guarantor for the full amount of the judgment against David Powers Homes. Houston's 1st Court of Appeals, No. 01-09-00986-CV, 01-26-2012.

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OPINION

This appeal is from the grant and denial of cross-motions for summary judgment in a contract case. 84 Lumber contends that David Powers is liable as a matter of law in his capacity as personal guarantor for the debt of David Powers Homes, Inc. We reverse and render.

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