Dykes v. Clem Lumber Co.

— This is an appeal by Oscar F. Dykes, called defendant, from a' judgment in favor of Clem Lumber Company, a corporation, called plaintiff. The facts of the case may be stated as follows:

Grover 0. Hamby and Alice S. Hamby, bis wife, were the owners of certain real estate situate in Phoenix, upon which they desired to erect a residence. They had arranged with the Valley National Bank for a FHA loan of $3,700 for such purpose and entered into a contract with defendant to build it for the price above stated. Before the bank would pay out any of the money on the loan it was necessary that it have…