Legal Opinion
Gulf Atlantic Life Ins. Co. v. Price
Court of Appeals of Texas
Decided May 18, 1978No. 1075PublishedCited by 2 opinions
1Opinion of the Court
DUNAGAN, Chief Justice.
On June 28, 1971, the appellant, Gulf Atlantic Life Insurance Company (hereafter referred to as Gulf Atlantic), agreed to make a loan to Jack Price and Janet Price and one Richard D. Kennedy, in the amount of $260,000. According to this agreement, it was contemplated that the loan would be for a term of two years (later changed to one year) with interest payable .monthly at the rate of 10% per annum and a payment of $600 to be made each month to be applied against principal. The original agreement further provided for charges of $13,-000 as a commitment fee and an…
2Cases cited10 opinions
- Little Rock Furniture Manufacturing Co. v. DunnTexas Supreme Court · 1949
- Micrea, Inc. v. Eureka Life Insurance Company of AmericaCourt of Appeals of Texas · 1976
- Bay Petroleum Corp. v. CrumplerTexas Supreme Court · 1963
- Billingsley v. Southern Pacific CompanyCourt of Appeals of Texas · 1966
- Skeen v. Glenn Justice Mtg. Co., Inc.Court of Appeals of Texas · 1975
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