[DOWNLOAD] "Mid-South Telecommunications Co. v. Best" by In the Court of Appeals Sixth Appellate District of Texas at Texarkana " eBook PDF Kindle ePub Free
eBook details
- Title: Mid-South Telecommunications Co. v. Best
- Author : In the Court of Appeals Sixth Appellate District of Texas at Texarkana
- Release Date : January 27, 2006
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
This case presents the issue of when a creditors claim against a guarantor of a debt accrues. Norman K. Best and Philip W. Faris, Jr. were among the guarantors of a loan from Mid-South Telecommunications Company to VidiMedix Corporation. After VidiMedix defaulted on the loan when it came due on December 31, 1999, Mid-South demanded payment from the guarantors. Eventually, in May 2004, Mid-South sued Best and Faris, asserting a breach-of-contract claim for failure to perform under the Guaranty. Mid-South sought summary judgment on that claim. Best and Faris filed both a response and a cross-motion for summary judgment raising the four-year statute of limitations. See Tex. Civ. Prac. & Rem. Code Ann. § 16.004(a)(3) (West 2002). The district court denied Mid-Souths motion and granted that of Best and Faris, finding that Mid-Souths claims were barred. For the reasons stated below, we will affirm.