University Savings and Loan Association, Petitioners v. Security Lumber Company, Incorporated, Respondent

Summary

The Texas Supreme Court affirmed the Court of Civil Appeals, holding that Security Lumber's invoices were admissible business records, that the two‑year statute of limitations did not bar Security's lien and foreclosure actions, and that Security's mechanic's and materialmen's liens were prior and superior to University Savings & Loan's deed of trust liens. Justice Norvell dissented, arguing that liens for materials delivered after the deed of trust should be secondary.