McGhee Interests, Inc. v. Alexander National Bank

— This is an appeal from a final decree of the Circuit Court of Pinellas County, in Chancery, construing an escrow agreement and ordering a distribution of the escrowed funds. The suit was brought by the Alexander National Bank, the escrow agent, against The McGhee Interests, Inc., a corporation, Bender-Niehols, Inc., a corporation, and R. W. Pillsbury, the parties for whom the bank acted as such agent. The court below found against Pillsbury, who took no appeal. The principal contentions urged here are therefore between the other parties.

The McGhee Interests, Inc., as owner, had made a…