American General Finance, Inc. v. Morton

American General Finance, Inc. ("AGF"), appeals from an order denying its motion to compel arbitration in an action brought against it by Jimmy D. Morton. The action sought compensatory and punitive damages for breach of contract, fraudulent suppression, and fraudulent misrepresentation, all arising out of Morton's purchase of a parcel of real estate from AGF. We affirm.

Facts

On August 23, 1996, in conjunction with Morton's purchase of a parcel of real estate from AGF, and the financing of that purchase, Morton received a "Statutory Warranty Deed" from AGF, and he executed for its benefit a…