The Life Insurance Company of Virginia, Cross-Appellee v. The Murray Investment Company and Murray Advisory Corporation, Defendants- Cross-Appellants

GARZA, Circuit Judge:

This case involves the purchase of a real estate note by the Life Insurance Company of Virginia (LOV) plaintiff-appellant from The Murray Investment Company (MIC) and Murray Advisory Corporation (MAC) defendant-appellees, cross-appellants. The trial resulted in judgment for LOV from which all parties now appeal. Only for the purpose of context in discussing those issues on appeal which we believe meritorious do we set forth a brief statement of the facts.

I

LOV, a life insurance company, as part of its investment program, purchased long-term real estate notes. Over the…