Resource Savings Ass'n v. Neary
Resource Savings Association appealed a summary judgment granted to Michael L. Neary and John H. Lang, II. The core dispute involved a promissory note from Dimension-Lang Georgia Partners, guaranteed by Neary and Lang, which defaulted. Resource foreclosed on Georgia property but dismissed a Georgia confirmation proceeding, then sued Neary and Lang in Texas. Neary and Lang argued Georgia law, which requires foreclosure confirmation for deficiency suits, should apply, thus barring Resource's claim. Resource contended Texas law should govern as per the guaranty's choice-of-law clause, arguing the Texas suit was against guarantors, not the property. The court determined Texas law applied, reversed the summary judgment in favor of Neary and Lang, and remanded the case for further proceedings.