Jenkins v. Gulf States Mortgage Co.

Marshall, Judge.

Appellant Jenkins brings his appeal from a directed verdict in favor of Gulf States Mortgage Company, Inc. The evidence in pertinent part discloses that Jenkins owned land that he had subdivided into at least 42 lots. Gulf States, a mortgage company, had loaned money to Jenkins to purchase the land and subdivide it. It was originally intended that Jenkins also would construct homes on the lots, using construction capital and permanent financing furnished by Gulf States. Jenkins later indicated to the president of Gulf States a lack of desire or ability to construct homes on…