Spring Woods Bank of Houston v. Lanier

HALL, Justice.

In February, 1972, Sidney Lanier, Jr. and his father, Sidney Lanier, Sr. formed a partnership known as L & L Investment Company by oral agreement. Later, Lanier, Jr. and Lanier, Sr. acquired title to lots 5, 6 and 7 of block 4 of Hyde Park Annex, a subdivision located in the City of Austin, Travis County, Texas. Lots 5, 6 and 7 were then re-subdivided into Lot A, Pecan Park Addition; and the correct legal description then became “Lot A, Pecan Park Addition, a re-subdivision of Lots 5, 6 and 7, Block 4, Hyde Park Annex, a subdivision in the city of Austin, Travis County, Texas,…