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He is also not an expert on construction equipment or auctions.
Mr. Edge was not designated as an expert witness for this case.
Border obtained a line of credit from SunWest Bank of El
Paso (SunWest) to help with the operation of its business.
SunWest held a security interest in all of Border’s assets in
addition to property owned by Mr. Tedford and petitioner.
When Border started having cashflow problems Mr. Tedford
tried to get more loans from SunWest. SunWest notified Mr.
Tedford that it would not lend additional funds to Border until
previous loans were paid. Mr. Tedford tried to convince SunWest
to release either some of Border’s collateral or his and
petitioner’s collateral so that loans could be sought from other
sources, but SunWest also refused this request.
When Mr. Tedford was unable to acquire additional loans Mr.
Edge suggested that Mr. Tedford consider liquidating Border. Mr.
Tedford wanted to continue working, however, and rejected Mr.
Edge’s suggestion. When Mr. Tedford decided to use personal
finances to aid Border, Mr. Edge advised Mr. Tedford to make
loans to Border instead of capital investments.
In addition to using his own money, Mr. Tedford asked
petitioner to lend money to Border. Petitioner was hesitant when
Mr. Tedford first approached her with the idea because she knew
Border was struggling financially. Petitioner, however, believed
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