Bank One, Texas, N.a., Formerly Deposit Insurance Bridge Bank, N.a., Petitioner v. Robert L. Moody, Jr., Respondent

Summary

The Texas Supreme Court held that the Craddock test for granting a new trial after a default judgment consists of three elements, not four, and that a mistake of law satisfies the first element. Because Bank One met all three elements, the Court reversed the Court of Appeals and remanded for trial, ordering the bank to reimburse Moody’s costs.