From our private database of 33,600+ case briefs...
Southwest Livestock & Trucking Company, Inc v. Ramón
United States Court of Appeals for the Fifth Circuit
169 F.3d 317 (1999)
Southwest Livestock & Trucking Company, Inc. (Southwest) (plaintiff), a Texas corporation, entered a loan agreement with Reginaldo Ramón (defendant), a Mexican citizen. Ramón loaned $400,000 to Southwest, for which Southwest executed a Mexican promissory note in Ramón’s favor, promising to pay the principal plus accrued interest in 30 days. Every month for four years, Southwest executed a new promissory note to cover the outstanding principal plus accrued interest. Southwest paid down the original principal amount and borrowed new amounts. The promissory notes contained no stated interest rate, but Ramón effectively charged an interest rate of at least 48 percent. After Southwest defaulted on the last note, Ramón filed a collection lawsuit in Mexico. Concurrently, Southwest brought an action in Texas district court, alleging that the loan arrangement violated Texas usury laws. The Mexican court entered a money judgment in Ramón’s favor, which was affirmed by a Mexican appeals court. The Texas district court refused to recognize the Mexican judgment. Ramón appealed.
Rule of Law
Holding and Reasoning (Garza, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 603,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 603,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 33,600 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.