Affiliated Capital Corp. v. Southwest, Inc.

OPINION

DUGGAN, Justice.

This is an appeal from a bench trial judgment in a suit arising from a failed land development agreement.

Affiliated Capital Corporation (“Affiliated”), the plaintiff and counter-defendant below, is the appellant. Southwest, Inc. (“Southwest”) and Chester J. Reed (“Reed”), defendants and counter-plaintiffs below, are the appellees.

We affirm.

In March, 1987, Affiliated entered into an agreement with Mary Lou Hanzelka (“Han-zelka”) to develop, primarily for residential purposes, 291.52 acres of land held by Han-zelka in trust for Southwest. The agreement was drafted by…