Bluebonnet Farms, Inc. v. Gibraltar Savings Ass'n

DOYLE, Justice.

This is an appeal from a summary judgment rendered in favor of appellee Gibraltar Savings Association (Gibraltar).

In December 1975, Bluebonnet Farms, Inc. (appellant) instituted suit against Gibraltar for breach of a loan commitment contract. Pursuant to the contract Gibraltar was to loan appellant $1,500,000 for a real estate development project. G.S.A. an swered the suit by filing a general denial and thereafter continuously defended and pursued this litigation for a period of almost four years. On September 27, 1979, Gibraltar filed an amended verified answer alleging lack…