Daniel v. Tyrrell & Garth Investment Co.

This case was tried in the District Court of Harris County before the court, without the intervention of a jury, on an agreed statement of facts. The following are the facts pertinent to this opinion:

Tyrrell & Garth Investment Company, hereafter designated Tyrrell & Garth, was a joint stock association, engaged in the business of buying and selling real estate. The American Title Guaranty Company, hereafter designated the Title Company, was a corporation duly incorporated under the laws of Texas, with the power and authority to carry on and conduct the business of guaranteeing land titles. On…