Terry Scott v. Citizen's National Bank

CourtCourt of Appeals of Texas
DecidedNovember 8, 2006
Docket10-03-00322-CV
StatusPublished

This text of Terry Scott v. Citizen's National Bank (Terry Scott v. Citizen's National Bank) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Terry Scott v. Citizen's National Bank, (Tex. Ct. App. 2006).

Opinion

IN THE

TENTH COURT OF APPEALS

 

No. 10-03-00322-CV

Terry Scott,

                                                                      Appellant

 v.

Citizen's National Bank,

                                                                      Appellee


From the 40th District Court

Ellis County, Texas

Trial Court # 62048

MEMORANDUM Opinion AFTER REMAND

This case involves a suit over the alleged nonpayment of a promissory note.  One of the borrowers, Terry Scott, had pledged his Cessna airplane as collateral on the loan.  After a bench trial, the judge rendered judgment against Scott and the other two borrowers for the loan amount, interest, attorney’s fees, and foreclosure of the lien against the airplane.  On appeal, Scott attacks the judgment in six issues.  Finding no error, we will affirm the judgment.

THE LOAN

In June 2000, Richard Karamatic, Richard Engel, and Scott secured a $25,250[1] loan from Citizen’s National Bank (“Bank”) to start a business, Inoquest Communications (“Inoquest”).  Under the terms of the promissory note that Engel, Karamatic, and Scott signed, repayment on the debt was to be made no later than December 21, 2000.  For several months, no payments were made on the loan.  On October 31, 2000, Albert Garcia, a Bank employee, approved an internal funds transfer in the amount of $26,267.10 from an Inoquest account to pay the balance of the note.  Later, Engel contacted Garcia and instructed him to reverse the transaction.  Garcia complied with this instruction and returned the funds to the Inoquest account.

THE SUIT

In May 2002, the Bank sued Karamatic, Scott, and Engel to recover the loan amount, interest, and attorney’s fees, and for foreclosure of the lien on the collateral (the airplane).  Scott filed a general denial and affirmative defenses that (1) the debt had been paid in full by Inoquest, and (2) accord and satisfaction.  He also filed a counterclaim seeking (1) declaratory judgment that the note and security agreement had been discharged, (2) relief for wrongful sequestration, and (3) attorney’s fees.  After a one-day bench trial, the judge rendered judgment against Karamatic, Scott, and Engel, jointly and severally, for $32,176.27 principal and interest, $14,000 in attorney’s fees,[2] and foreclosure of the lien on the airplane.

Scott timely filed a Request for Findings of Fact and Conclusions of Law.  After he filed a Notice of Past Due Findings of Fact and Conclusions of Law, the court signed and filed the Bank’s proposed findings and conclusions, which essentially state that there had been no payment on the note.  Scott filed a Request for Additional and Amended Findings and Conclusions of Law, seeking findings that the loan had been paid off and the payoff was not the result of a mistake by the Bank.  The court did not respond to this request, and Scott timely filed his notice of appeal.  Engel and Karamatic did not appeal the trial court's judgment.

We reversed the judgment against Scott, rendered judgment for him on the note, and remanded the cause for consideration of his counterclaim.  In a per curiam opinion, the supreme court, without addressing the merits, reversed our judgment, holding that we failed to explain, with specificity, why we substituted our judgment for that of the trial court.  Citizens Nat’l Bank v. Scott, 195 S.W.3d 94, 96 (Tex. 2006) (citing Gonzalez v. McAllen Med. Ctr., 195 S.W.3d 680 (Tex. 2006)).  The case was remanded to us “for more detailed consideration.”  Id.  After remand, both parties filed supplemental briefs.  10th Tex. App. (Waco) Loc. R. 19.

ISSUES ON APPEAL

Scott attacks the judgment in six issues:

1.           Whether the evidence established as a matter of law that the note was paid on October 31, 2000, when the Bank applied Inoquest’s funds to the note in the full amount of the note.

2.           Whether the “reversal” of the transaction, without notice to Scott, had the legal effect of reinstating Scott’s liability on the note.

3.           Whether the Bank can contend for the first time after the court’s judgment and findings that the court found that the debit was a “mistake,” not having pled mistake, offered evidence of a mistake, or obtained an express finding of mistake.

4.           Whether the court erred in failing to make Scott’s requested findings, based on undisputed evidence, that the note was paid on October 31, 2000, by the transfer of funds from Inoquest and that the application of Inoquest’s funds to the note was not the result of a mistake by the Bank and, based on those findings, erred in failing to conclude as a matter of law that the note had been paid.

5.           When the undisputed evidence shows that the Bank applied Inoquest’s funds to payment of the note in the full amount, whether the Bank properly reversed the transaction without notice to Scott; whether the court could “ignore the evidence” to make findings of fact concerning non-payment of the debt and the Bank’s not having agreed to discharge Scott from the debt or any obligation related to it; whether the court properly concluded that there had been no payment of the note.

6.           Whether the court erred in failing to amend its findings and conclusions, as Scott requested, to reflect the undisputed evidence of payment.

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