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Fidelity Funding Business Crdt v. Republic Busines, 18-10096 (2019)

Court: Court of Appeals for the Fifth Circuit Number: 18-10096 Visitors: 45
Filed: Jan. 10, 2019
Latest Update: Mar. 03, 2020
Summary: Case: 18-10096 Document: 00514789426 Page: 1 Date Filed: 01/10/2019 IN THE UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT United States Court of Appeals Fifth Circuit No. 18-10096 FILED January 10, 2019 Lyle W. Cayce Clerk FIDELITY FUNDING BUSINESS CREDIT LIMITED, Doing Business as USA Funding Limited, Plaintiff–Appellee, versus REPUBLIC BUSINESS CREDIT, L.L.C., Doing Business as EB Finance, Defendant–Appellant. Appeal from the United States District Court for the Northern District of Texa
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Case: 18-10096 Document: 00514789426 Page: 1 Date Filed: 01/10/2019 IN THE UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT United States Court of Appeals Fifth Circuit No. 18-10096 FILED January 10, 2019 Lyle W. Cayce Clerk FIDELITY FUNDING BUSINESS CREDIT LIMITED, Doing Business as USA Funding Limited, Plaintiff–Appellee, versus REPUBLIC BUSINESS CREDIT, L.L.C., Doing Business as EB Finance, Defendant–Appellant. Appeal from the United States District Court for the Northern District of Texas No. 3:16-CV-2492 Before SMITH, DUNCAN, and ENGELHARDT, Circuit Judges. PER CURIAM: * Fidelity Funding Business Credit Limited sued Republic Business Credit, L.L.C., for breach of contract, claiming that Republic had assumed the * Pursuant to 5TH CIR. R. 47.5, the court has determined that this opinion should not be published and is not precedent except under the limited circumstances set forth in 5TH CIR. R. 47.5.4. Case: 18-10096 Document: 00514789426 Page: 2 Date Filed: 01/10/2019 No. 18-10096 obligation of Greystone Commercial Services LP to pay commissions on fac- tored accounts that Greystone had bought from Fidelity. In the alternative, Fidelity averred that it was a third-party beneficiary of the contract between Greystone and Republic. In a thorough order entered October 30, 2017, the district court granted Fidelity’s motion for summary judgment and denied Republic’s, reasoning that Republic had expressly assumed the obligation to pay the commissions. The court explained that “[t]he plain language of the Republic-Greystone Contract indicates that Republic explicitly assumed Graystone’s duty to pay commis- sions even when viewing it in a light most favorable to Republic. . . . Exhibit H [of the Republic-Greystone Contract] includes the obligation to pay a twenty percent commission to Fidelity for the factored accounts Republic purchased from Greystone.” We have reviewed the briefs, pertinent parts of the record, and the applicable law and have heard the arguments of counsel. The judgment is AFFIRMED, essentially for the reasons convincingly presented by the district court. 2
Source:  CourtListener

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