Republic of Texas Savings Ass'n v. Island Recreational Development Corp.
Court of Appeals of Texas
1Opinion of the Court
OPINION
BROOKSHIRE, Justice.
Island Recreational Development Corporation (hereafter “IRDC”) and Sea Cabins, Inc. (hereafter “Sea Cabins”) sued Republic of Texas Savings Association (hereafter “Republic”) and Bankers Capital Corporation (hereafter “Bankers”). IRDC and Sea Cabins obtained a judgment against Republic and Bankers for $667,882.87 in damages plus $52,500 attorney’s fees. The cause of action was based on an alleged breach of contract by Bankers for failure to permanently fund first mortgages in accordance with the terms of a commitment letter. Republic and Bankers appeal from this…
2Cases cited13 opinions
- Hohenberg Bros. Co. v. George E. Gibbons & Co.Texas Supreme Court · 1976
- Leyva v. PachecoTexas Supreme Court · 1962
- Eubanks v. WinnTexas Supreme Court · 1967
- Henshaw v. Texas Natural Resources FoundationTexas Supreme Court · 1949
- Housing Authority of Harlingen v. State Ex Rel. VelasquezCourt of Appeals of Texas · 1976
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3Cited by3 opinions
- Island Recreational Development Corp. v. Republic of Texas Savings Ass'nTexas Supreme Court · 1986
- Dudley v. BornCourt of Appeals of Texas · 1986
- Island Recreational Development Corp. v. Republic of Texas Savings Ass'nTexas Supreme Court · 1986