Take Nothing Judgment on Promissory Notes Affirmed
April 16, 2014The plaintiff in this case sought to collect on promissory notes it had obtained from a failed bank. After a bench trial that included only one witness and three exhibits, however, the trial court rendered a take nothing judgment against the plaintiff. The Court of Appeals agreed with the trial court because the only two documents indicating the amount allegedly owed under the notes were unsigned “Prenegotiation Agreements.” Moreover, these documents, even if they were signed, do not establish specific amounts due and owing; instead stating that the parties “believe” that “approximately” certain amounts are owing on the notes.
