(Download) "Byron Branscum and Michael G. Byboth v. Joe A. Castleberry" by Fifth District, Dallas No. 05-84-00619-CV Court of Appeals of Texas " eBook PDF Kindle ePub Free

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Title: Byron Branscum and Michael G. Byboth v. Joe A. Castleberry
Author : Fifth District, Dallas No. 05-84-00619-CV Court of Appeals of Texas
Release Date : January 18, 1985
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 52 KB

Description

JUSTICE AKIN Joe A. Castleberry sued Byron Branscum, Michael G. Byboth, and Texan Transfer, Inc. to collect a promissory note executed by Texan Transfer. Castleberry sought to disregard the corporate entity and hold appellants, who were then the sole shareholders of Texan Transfer, individually liable for the promissory note. The jury found that Texan Transfer was the alter ego of appellants and the trial court rendered judgment against Texan Transfer, Branscum, and Byboth jointly and severally. Branscum and Byboth appeal, contending that the trial court's charge to the jury on the issue of alter ego was fatally defective. We agree with this contention. Appellants Also contend that no evidence exists to support piercing the corporate veil, with which contention we agree. We also hold that the trial court erred in submitting to the jury the question of alter ego because that ultimate determination is a question of law for the court. Accordingly, we reverse the judgment of the trial court and render judgment for appellants.