Jon Mercer, Petitioner v. Daoran Corporation, Respondent

Summary

The Texas Supreme Court reversed the trial court and Court of Appeals and remanded for further proceedings. It held that a junior lienholder who acquires his interest before a senior lien is barred is not a protected bona‑fide purchaser under Articles 5520 and 5522, that the 1975 deed of trust did not satisfy the statutory requirements for a renewal and extension contract, and that summary judgment was improper because the best‑evidence rule was not satisfied.