               IN THE COURT OF APPEALS OF TENNESSEE
                          AT KNOXVILLE
                             September 13, 2016 Session

 F&M MARKETING SERVICES, INC. v. CHRISTENBERRY TRUCKING
                  AND FARM, INC. ET AL.

                Appeal from the Chancery Court for Knox County
              No. 182985-2    Clarence E. Pridemore, Jr., Chancellor


             No. E2016-00205-COA-R3-CV-FILED-JANUARY 31, 2017



The question presented is whether the corporate veil of Christenberry Trucking and Farm,
Inc. (CTF), should be pierced and its sole shareholder, Clayton V. Christenberry, Jr., be
held personally liable for a debt owed by CTF to F&M Marketing Services, Inc. In 2012,
F&M obtained a judgment against CTF for breach of contract. By that time, CTF, a
trucking company, had suffered mortal setbacks primarily owing to the great recession.
CTF was administratively dissolved that same year. CTF had no assets to satisfy the
judgment. F&M brought this action, seeking to hold Mr. Christenberry personally liable
for the debt. After a bench trial, the court held that F&M did not meet its burden of
proving that CTF’s corporate veil should be pierced. F&M appeals. We affirm the trial
court’s judgment.

      Tenn. R. App. P. 3 Appeal as of Right; Judgment of the Chancery Court
                                     Affirmed

CHARLES D. SUSANO, JR., J., delivered the opinion of the court, in which THOMAS R.
FRIERSON, II, and BRANDON O. GIBSON, JJ., joined.

Christopher J. Oldham, Knoxville, Tennessee, for the appellant, F&M Marketing
Services, Inc.

John T. McArthur, Melanie E. Davis, and Carlos A. Yunsan, Maryville, Tennessee, for
the appellees, Christenberry Trucking and Farm, Inc., and Clayton V. Christenberry, Jr.




                                           1
                                         OPINION

                                               I.

        This is the second appeal of this action to pierce the corporate veil. On the first
appeal, this Court found “the trial court’s findings of fact and conclusions of law
insufficient to facilitate appellate review,” vacated the judgment of the trial court, and
remanded for sufficient findings of fact and conclusions of law. F&M Marketing Servs.,
Inc. v. Christenberry Trucking and Farm, Inc., No. E2015-00266-COA-R3-CV, 2015
WL 6122872, at *1 (Tenn. Ct. App., filed Oct. 19, 2015). Our earlier opinion provides
the following brief factual and procedural background:

              [T]he trial court entered a written order on February 13, 2012
              awarding F & M a judgment totaling $375,524.29 plus post-
              judgment interest. The trial court entered its final judgment
              on February 13, 2012.

              At the time the trial court entered judgment, [CTF] had no
              assets to satisfy the judgment. After learning this, F & M
              commenced an action on May 25, 2012 seeking to disregard
              the corporate entity of [CTF] and hold its primary
              shareholder, Clayton Christenberry, Jr., personally liable for
              the judgment against the corporation.

                                    *      *        *

              On February 4, 5, and 6, 2015, the trial court conducted a trial
              on F & M’s action to pierce the corporate veil of [CTF]. At
              the conclusion of the trial, the trial court orally ruled from the
              bench, concluding that F & M had not carried its burden to
              prove that the corporate veil should be pierced. . . .
              Accordingly, the trial court dismissed the entirety of F & M’s
              claims against all of the defendants. F & M filed a timely
              notice of appeal.

Id. at *1, *2. In the first appeal, we concluded:

              Here, the eleven factors in [FDIC v.] Allen[, 584 F.Supp. 386
              (E.D. Tenn. 1984)] require a fact-intensive inquiry for each
              individual case; the necessity for sufficient findings of fact
              and conclusions of law cannot be overstated in cases where a
                                               2
              party seeks to pierce the corporate veil, as it “depends on the
              specific facts and circumstances of the case.”

                                    *      *          *

              Respectfully, the trial court’s failure to render specific
              findings concerning the factors, and even more importantly,
              the trial court’s failure to render legal conclusions as to any of
              the factors, warrant a vacatur of the final judgment. Under
              these circumstances, the appropriate remedy is to vacate the
              judgment and remand to the trial court for the entry of an
              order compliant with Rule 52.01.

Id. at *6.

        Following remand, the trial court entered an order containing factual findings in
support of its conclusion that the proof was insufficient to warrant piercing the corporate
veil of CTF and imposing personal liability on its shareholder. F&M has again appealed
this decision.

                                               II.

       The issue presented is whether the trial court erred in holding that F&M did not
meet its burden of proof to demonstrate that the corporate veil of CTF should be pierced.

                                               III.

Our standard of review is as follows:

              Where, as here, the trial court sits without a jury, we review
              findings of facts de novo upon the record accompanied by a
              presumption of correctness unless the preponderance of the
              evidence is otherwise. Tenn. R. App. P. 13(d); In re
              Adoption of A.M.H., 215 S.W.3d 793, 809 (Tenn. 2007).
              Questions of law . . . are reviewed de novo with no
              presumption of correctness. Adoption of A.M.H., 215
              S.W.3d at 809; Kirkpatrick v. O’Neal, 197 S.W.3d 674, 678
              (Tenn. 2006).




                                                3
Christenberry Trucking & Farm, Inc. v. F&M Marketing Servs., Inc., 329 S.W.3d 452,
457 (Tenn. Ct. App. 2010),1 quoting In re Angela E., 303 S.W.3d 240, 246-47 (Tenn.
2010).

                                                  IV.

       We set forth the applicable legal principles governing the question of whether
CTF’s corporate veil should be pierced as taken from the first “piercing of the corporate
veil appeal” opinion:

                [F]rom our review of recent piercing the corporate veil cases,
                Tennessee cases nearly uniformly consider the Allen factors
                in determining this issue. See Rogers v. Louisville Land Co.,
                367 S.W.3d 196 (Tenn. 2012); Dog House Investments, LLC
                v. Teal Properties, Inc., 448 S.W.3d 905, 918 (Tenn. Ct.
                App. 2014), perm. app. denied (Tenn. July 11, 2014); Rock
                Ivy Holding, LLC v. RC Props., LLC, 464 S.W.3d 623, 647
                (Tenn. Ct. App. 2014), appeal denied (June 20, 2014);
                Edmunds [v. Delta Partners, LLC] 403 S.W.3d [812,] 830
                [Tenn. Ct. App. 2012]. . . .

                The Tennessee Supreme Court clearly outlined the
                appropriate test to utilize—the Allen factors—in considering
                a challenge to the corporate veil in Rogers v. Louisville Land
                Co., 367 S.W.3d 196 (Tenn. 2012). . . .

                In Rogers, the Tennessee Supreme Court specifically stated
                that the factors promulgated by Allen “are applicable” when
                determining whether the corporate veil should be pierced.
                Our research reveals no Tennessee case after . . . Rogers in
                which the Allen factors have not been applied to reach a
                conclusion on whether piercing the corporate veil is
                warranted. According to Rogers:

                        Factors to be considered in determining whether
                        to disregard the corporate veil include not only
                        whether the entity has been used to work a
                        fraud or injustice in contravention of public
        1
         In the cited opinion involving the underlying breach of contract action filed by F&M against
CTF, we held that F&M’s lack of a broker’s license did not preclude it from obtaining a judgment against
CTF for breach of contract.
                                                   4
                    policy, but also: (1) whether there was a failure
                    to collect paid in capital; (2) whether the
                    corporation was grossly undercapitalized; (3)
                    the nonissuance of stock certificates; (4) the
                    sole ownership of stock by one individual; (5)
                    the use of the same office or business location;
                    (6) the employment of the same employees or
                    attorneys; (7) the use of the corporation as an
                    instrumentality or business conduit for an
                    individual or another corporation; (8) the
                    diversion of corporate assets by or to a
                    stockholder or other entity to the detriment of
                    creditors, or the manipulation of assets and
                    liabilities in another; (9) the use of the
                    corporation as a subterfuge in illegal
                    transactions; (10) the formation and use of the
                    corporation to transfer to it the existing liability
                    of another person or entity; and (11) the failure
                    to maintain arms length relationships among
                    related entities.

             Id. at 215 (citing Allen, 584 F.Supp. at 397). Generally, no
             one factor is conclusive in determining whether to pierce the
             corporate veil; rather, courts will rely upon a combination of
             factors in deciding the issue. Id. (citing Barbour, 112 S.W.3d
             at 140).

F&M Marketing Servs., Inc. v. Christenberry Trucking and Farm, Inc., 2015 WL
6122872, at *5 (footnotes omitted).

       “Ordinarily, a shareholder of a corporation is not personally liable for the acts of
the corporation.” Rogers, 367 S.W.3d at 214. As the Supreme Court observed in its
seminal Rogers opinion,

             The party seeking to pierce the corporate veil has the burden
             of presenting facts demonstrating that it is entitled to relief.
             In order to pierce the corporate veil, the proof must show that
             the separate corporate entity is a sham or a dummy or that
             disregarding the separate corporate entity is necessary to
             accomplish justice.        The question of whether the
             corporation’s separate identity should be disregarded is
                                             5
                dependent on the specific circumstances of the case and is a
                matter particularly within the province of the trial court.

Id. at 215 (internal citations, quotation marks, and ellipses omitted). The Rogers Court
further stated that “in all events, the equities must substantially favor the party requesting
relief, and the presumption of the corporation’s separate identity should be set aside only
with great caution and not precipitately.” Id. (internal citations and quotation marks
omitted).

      With these principles in mind, we review the trial court’s findings of fact and
conclusions of law in its final judgment.2 The trial court found as follows in pertinent
part:

                CTF was a Tennessee for profit corporation having been
                incorporated in 1989 with Mr. Clayton Christenberry . . .
                being the sole stockholder of the corporation.

                F&M and CTF entered into a commission agreement for the
                haulage of freight in 2004, which ultimately led to a judgment
                against CTF in favor of F&M in the amount of $375,524.29
                in 2012.

                Testimony at trial showed capital of $136,000.00 was paid
                into the corporation. Throughout the existence of the
                corporation, from the year 1993 until 2007, the corporation
                listed retained earnings on its[] books in excess of
                $500,000.00 and in excess of $1,000,000.00 in nine of these
                years. Records were not available to show the amount of
                retained earnings for the year 1999.

                Testimony presented at trial showed that during the time of
                CTF’s operation, the corporation, at times, had yearly revenue
                in excess of $12,000,000.00. The company, at times, had
                approximately 120-150 employees and operated as many as

        2
          F&M argues that the trial court again made insufficient findings of fact in its order, arguing that
“they are once again nothing more than facts prepared by the Defendant’s counsel.” We do not agree.
There is nothing in the order, or any statement made by the trial court, to indicate that it did not review
the evidence and exercise its independent judgment in preparing the final judgment after our remand.
Generally speaking, “a judicial officer is presumed to do his duty. Certainly the Appellate Court will not
presume that the trial judge failed to do his duty in the absence of a showing to the contrary.” Tiffany v.
Shipley, 161 S.W.2d 373, 376 (Tenn. Ct. App. 1941).
                                                       6
120 tractors and 150 trailers along with as many as 3 truck
terminals. Testimony at trial also showed that CTF had an
independent Certified Public Accountant and an independent
General Manager.

                    *      *       *

Testimony at trial showed business for CTF began to decline
in 2007-2008 due to the bankruptcy and eventual loss of
several customers. Corporate minutes for the year 2008 show
Mr. Christenberry’s annual salary as President of CTF being
reduced to $99,520.00. Corporate minutes for the year 2009
show Mr. Christenberry’s salary as president of CTF being
further reduced to $8,900.00.

Testimony presented at trial showed the business of CTF
continued to decline between 2009 and 2011, which
ultimately resulted in the ceasing of operations and the
beginning of the dissolution of CTF.

Testimony presented at trial showed that the corporation
maintained appropriate financial records, as reflected in the
exhibits and maintained them for more than three (3) years as
required by the Internal Revenue Service.

In an effort to save [CTF] from financial collapse, Mr.
Christenberry pledged personal real estate as collateral for
corporate debt. He also borrowed money to pay off
deficiencies arising from the forced sale of tractors and
trailers representing secured collateral on First National
Bank’s corporate loans. In addition to the efforts made by
Mr. Christenberry, the corporation underwent several work
force reductions and the cutting of salaries and benefits.
Despite such efforts, the corporation continued its downward
spiral.

CTF remained an ongoing concern until July 11, 2012, when
the company attempted to submit Articles of Termination to
the Tennessee Secretary of State, which were rejected due to
the inability of CTF to obtain tax clearance from the

                               7
              Tennessee Department of Revenue.         The corporation was
              later administratively dissolved.

       The trial court reviewed each of the eleven Allen factors in light of the proof
presented at the bench trial. It concluded that “only two of the eleven factors weigh ever
so slightly in favor of piercing the corporate veil” of CTF. It also determined that “[a]fter
a review of the record as a whole and the evidence presented at trial, . . . CTF was not
used to work a fraud or injustice in contravention [of] public policy.”

        The first and second Allen factors involve the capitalization of the corporation. It
was undisputed that CTF was started with paid-in capital in the amount of $136,000. The
trial court further found that “the corporation kept retained earnings for the years 1993
through 2007 with the exception of missing records for the year 1999.” Attorney David
Buuck, who advised Mr. Christenberry about incorporating CTF and prepared its charter,
and who prepared minutes for CTF’s annual corporate meetings, testified in this regard
that “Mr. Christenberry rolled every dime of profit over the years into retained earnings,
did not pay himself any dividends from the profits of the corporation.” He said that CTF
retained substantial earnings every year until 2008, when the consequences of the
economic downturn became severe. Mr. Christenberry provided undisputed proof that he
tapped his personal assets in an effort to keep the corporation afloat and sufficiently
capitalized during the hard economic times. Based on our review of the record, the trial
court’s finding that “no evidence was presented that showed that the corporation was
undercapitalized” is supported by the preponderance of the evidence.

        F&M argues that CTF was undercapitalized beginning in the late 2000s. But by
then, it was suffering the economic effects of, among other things, spiking fuel prices,
increased cost of sales, and the bankruptcy of two of its largest customers ‒ Allied
Bendix and General Motors. Everyone who testified was in general agreement that these
economic conditions, generally described as the great recession, contributed to CTF’s
downfall. By 2010, CTF’s tax return reflected zero assets. Mr. Christenberry submitted
signed articles of dissolution to the Secretary of State on August 15, 2011. The
corporation was essentially finished and bankrupt before February 13, 2012, the date on
which the judgment for breach of contract in favor of F&M was entered.

       Regarding the third factor, it is not disputed that CTF issued stock certificates. As
already noted, Mr. Christenberry is the sole stockholder of CTF. However, it is not
uncommon for a corporation to be owned by one individual, and this fact standing alone
does not weigh heavily either way on the question of whether the corporate veil should be
pierced. In Edmunds v. Delta Partners, Inc., 403 S.W.3d 812 (Tenn. Ct. App. 2012),
another case involving a corporation with a single shareholder, we stated:

                                             8
              [C]ourts in Tennessee are cautioned that the doctrine of
              piercing the corporate veil should be applied only in “extreme
              circumstances to prevent the use of a corporate entity to
              defraud or perform illegal acts.” Pamperin v. Streamline
              Mfg., Inc., 276 S.W.3d 428, 437 (Tenn. Ct. App. 2008)[.]

                                    *      *       *

              Mr. Edmunds first argues that the proof at trial showed that
              Mr. Garrison exercised complete dominion and control over
              Delta during the years at issue in this case. Indeed, Mr.
              Garrison admitted that Delta was “essentially” him from 2006
              until the time of trial. We agree that the evidence in this case
              shows that Delta had “no separate mind, will or existence”
              apart from Mr. Garrison during the years at issue. Pamperin,
              276 S.W.3d at 438 (quoting Continental Bankers, 578
              S.W.2d at 632). However, the fact that a shareholder
              exercises complete dominion and control over a corporation
              alone is insufficient to justify piercing the corporate veil; the
              party seeking to pierce the corporate veil must also prove that
              “[s]uch control must have been used to commit fraud or
              wrong, to perpetuate the violation of a statutory or other
              positive legal duty, or a dishonest and unjust act in
              contravention of third parties’ rights.”

Id. at 829, 830-31 (internal citations omitted). In this case, the evidence regarding Mr.
Christenberry’s level of “dominion and control” over CTF was not as strong as in
Edmunds. He certainly made decisions regarding the corporation and controlled it, but
also testified that he relied on the advice of his attorney and certified public accountant.
In any event, there is no evidence that CTF was used to defraud, or perform illegal,
dishonest, or unjust acts.

       Regarding the fifth Allen factor, the trial court found that “CTF had an office
location that was leased from Mr. Christenberry,” and stated that “this fact weighs in
favor of CTF in not allowing the piercing of the corporate veil.” We find that the leasing
of CTF’s office does not have any particular pertinence to the question of the piercing of
the veil in this case. F&M does not point to any impropriety or illegality of the lease
arrangement.

       Regarding the sixth Allen factor, the trial court stated:

                                               9
              The sixth factor this Court must consider is employment of
              the same employees or attorneys. Evidence presented at trial
              showed that some employees of CTF at times performed
              work on the personal farm of Mr. Christenberry, and the
              corporate attorney, Mr. David Buuck, was also the
              Christenberry family attorney at times. The Court finds these
              facts weigh[] in favor of Plaintiff, if ever so slightly.

F&M presented the testimony of Joyce Price, a bookkeeper formerly employed by CTF
between 1994 and 2003. She stated that she had been required to keep the books of Mr.
Christenberry personally, as well as other of his business entities. She also testified that
certain CTF employees also did work at the Christenberry farm at times. Jeanette Aytes,
another bookkeeper formerly employed by CTF, testified similarly. At trial, CTF
assailed the credibility of Ms. Price by pointing out that she had been convicted of the
felony of embezzling nearly two hundred thousand dollars from CTF. On cross-
examination of Ms. Aytes, she admitted that she had filed a complaint with the Equal
Employment Opportunity Commission and a lawsuit against CTF, after she was laid off
in 2008. The trial court did not make specific findings of credibility of any witness. We
agree with the trial court that this factor weighs in favor of piercing the corporate veil, for
to the extent that CTF employees and other resources were used for the benefit of Mr.
Christenberry personally or for his other business interests, this was an improper use of
CTF. The trial court found that these same facts were pertinent to the other Allen factor
that weighed against CTF and Mr. Christenberry. This is the eleventh factor, an
examination of whether the corporation failed to maintain arms-length relationships
among related entities.

        The analysis of Allen factors number (7) ‒ “the use of the corporation as an
instrumentality or business conduit for an individual or another corporation,” (9) ‒ “the
use of the corporation as a subterfuge in illegal transactions,” and (10) ‒ “the formation
and use of the corporation to transfer to it the existing liability of another person or
entity,” require only brief discussion. The trial court found no evidence of any of these
factors, and concluded therefore that these factors weighed against piercing the corporate
veil. The evidence does not preponderate against these conclusions.

       Regarding factor eight, the trial court found as follows:

              The eighth factor this Court must consider is whether
              corporate assets were diverted by or to a stockholder or other
              entity to the detriment of creditors or the manipulation of
              assets and liabilities in another. Plaintiff’s counsel has

                                              10
                attempted to make an issue of the payments to Ms. [Judith]3
                Christenberry, as a W-2 employee of CTF between the years
                1995 and 2000, as well as the subsequent payments that were
                made after 2000. Testimony was that the payments made
                after 2000 were reflected as alimony paid from Mr.
                Christenberry’s salary and personal resources, which were
                duly noted upon the company books. This Court finds the
                payments made to Ms. [Judith] Christenberry as a W-2
                employee was in no way an attempt to divert corporate assets
                to the detriment of a creditor, especially considering that Ms.
                [Judith] Christenberry ceased being a W-2 employee in 2000,
                which was four years before F&M and CTF entered into a
                commission agreement for the haulage of freight. This Court
                also finds the payments and benefits provided to Ms. [Judith]
                Christenberry after 2000 was in no way an attempt to divert
                corporate assets to the detriment of a creditor since the
                payments and cost of benefits were reflected as alimony paid
                from Mr. Christenberry’s salary and personal resources,
                which were duly noted upon the books of the corporation.
                This Court found no evidence of any attempts to divert
                corporate assets to the detriment of creditors presented at
                trial. Therefore, the Court finds these facts weigh[] in favor
                of CTF in not allowing the piercing of the corporate veil.

       At trial and on appeal, F&M’s primary argument is that the payments from CTF to
Judith Christenberry demonstrate an improper transfer of corporate assets to a third party,
made to the detriment of creditors. Much evidence was presented and heard by the trial
court about these payments, which were made under the terms of the marital dissolution
agreement (MDA) executed in 1995 by Mr. Christenberry and his ex-wife Judith
Christenberry. The MDA was approved and incorporated into the final judgment for
divorce entered by the Blount County General Sessions Court on August 8, 1995.

        The divorce ended a marriage of approximately 36 years. CTF was incorporated
in 1989, and by all accounts it was quite successful and prosperous during the 1990s.
Judith Christenberry worked for CTF, which she described as a family company, while
she was married. She testified that her divorce attorney counseled her that she was
entitled to one-half the value of CTF, and got upset with her because she didn’t want to
hurt the corporation by demanding one-half of it:
        3
         The trial court’s order refers to Mr. Christenberry’s ex-wife as “Janie” Christenberry throughout
this paragraph. It is obvious from the record that this is a typographical error; her name is Judith
Christenberry.
                                                     11
             Q: And [your divorce lawyer] was upset with you, wasn’t
             she?

             A: Yes.

             Q: Why was she upset with you?

             A: Because as the saying goes, I wasn’t taking him to the
             cleaners because I owned half of it.

             Q: Half of the company?

             A: Half of the company and half of everything.

             Q: And she wanted you to take that company, didn’t she?

             A: Yes, she did.

             Q: What would have happened had you been allocated fifty
             percent of that company, what would have happened to it?

             A: It would have destroyed it. It would have destroyed [Mr.
             Christenberry], my son, and me.

             Q: It was a family business, wasn’t it?

             A: Yes, it’s always been family. We worked too hard.

        The MDA executed by the Christenberrys and approved by the trial court provides
as follows:

             INCOME: (a) HUSBAND shall pay to WIFE the sum of
             Fifty-Five Thousand Dollars ($55,000.00) per year . . .
             (hereinafter referred to as Income). Said Income may be
             derived as a salary from Christenberry Trucking and Farm
             Inc. (hereinafter COMPANY) or any successor business or
             entity; as payment via an annuity; or otherwise, at the election
             of HUSBAND and WIFE. This Income shall continue to
             flow to WIFE from HUSBAND in the event of a sale or
             failure of the Company.        This Income shall continue
             throughout the life of WIFE, and HUSBAND acknowledges
                                           12
              same as a debt against his estate should he predecease WIFE.
              . . . It is further agreed that this income is deemed to be
              periodic alimony and a matter of support between the parties,
              but shall not abate should the WIFE decide to remarry.

(Underlining and capitalization in original.)

       Judith Christenberry continued to be employed by CTF as a W-2 employee from
1995 until 2000. She was paid a salary of $55,000 per year. She testified that she came
in to work to help out as needed, but it is clear from her testimony that she did not keep
regular hours there. However, she also testified that through her efforts and work for
CTF, she assisted the company in its discovery of embezzlement by two of its employees,
one of whom embezzled around $500,000, and the other, already mentioned, almost
$200,000. So it is not in serious dispute that Judith Christenberry substantively
contributed to CTF’s financial well-being during the five post-divorce years she was
employed there.

        In 2000, Judith Christenberry was seriously injured in an accident and went on
disability. At that point, CTF no longer paid her a salary. The $55,000 per year agreed
income under the MDA was thereafter paid by Mr. Christenberry as alimony. CTF
increased Mr. Christenberry’s salary by a commensurate amount. As the trial court
correctly noted, this was about four years before CTF contracted with F&M. The trial
court concluded that the payments to Judith Christenberry did not evince an attempt by
CTF to divert corporate assets to the detriment of creditors. The evidence does not
preponderate against this conclusion. The testimony and other proof suggests that the
arrangement set forth in the MDA was an attempt to provide Ms. Christenberry
compensation for her interest in the family corporation, without damaging or destroying
it in the process. As noted, she provided valuable service to CTF during her time as an
employee after the divorce. Furthermore, when she was injured and no longer able to
work for CTF, it stopped employing her and Mr. Christenberry personally paid her
alimony.

        In summary, the Supreme Court has cautioned that “in all events, the equities must
substantially favor the party requesting relief” of piercing the corporate veil, and that “the
presumption of the corporation’s separate identity should be set aside only with great
caution and not precipitately.” Rogers, 367 S.W.3d at 215 (emphasis added). This “is a
matter particularly within the province of the trial court,” id., which weighed the equities
in this case, as have we on review. We agree that the equities here do not substantially
favor the result of piercing CTF’s corporate veil and holding Mr. Christenberry
personally liable for its debt. The evidence does not preponderate against the trial court’s
factual findings supporting its judgment in this case.
                                                13
                                          V.

       The judgment of the trial court is affirmed. Costs on appeal are assessed to the
appellant, F&M Marketing Services, Inc. The case is remanded for collection of costs
assessed below.



                                                _______________________________
                                                CHARLES D. SUSANO, JR., JUDGE




                                          14
