Company seeks summary judgment to recover $300,000 note
In May, Marblecrafters, a Beaumont business, filed suit against Madisonville residents Timothy and Linda Bayless, claiming the two owe the company more than $300,000 after defaulting on a promissory note.
Three months later, Marblecrafters filed a motion for summary judgment, arguing that company has offered indisputable evidence that the couple signed the loan.
A hearing on the matter has been slated for Aug. 27 in Judge Donald Floyd's 172nd Jefferson County District Court.
In its suit, Marblecrafters claims the Baylesses acted as guarantors on a $400,000 promissory note executed by Long-Bayless Enterprises.
Since then, Long-Bayless defaulted on the note, so Marblecrafters demanded the money from the couple, who have refused to reimburse the company, court papers say.
"To date, the principal balance of $361,362.65 plus interest is due and owing to Plaintiff by the Defendants."
Marblecrafters argues in its summary judgment motion that Judge Floyd should rule in its favor because it "has proved all elements of its cause of action."
The company is represented by Wyatt D. Snider, Jason M. Byrd, Justin G. Sanderson and Russell W. Heald of Snider and Byrd.
The couple is represented by the Charles Heard Law firm in Pinehurst.
Case No. E186-963