Custom Leasing, Inc., Petitioner v. Texas Bank and Trust Company of Dallas, Respondent

Summary

The Texas Supreme Court reversed the Court of Civil Appeals and affirmed the trial court's judgment for Custom Leasing, holding that the bank was liable for fraudulent misrepresentations despite the election of remedies doctrine. The Court affirmed the jury's findings on fraud elements, rejected the bank's apparent authority defense, and upheld the damages and interest awarded.