Sanchez v. Matthews

OPINION

BUTTS, Justice.

This is an appeal from a judgment rendered by the district court which decreed a constructive trust in favor of appellee, James 0. Matthews based upon a breach of a fiduciary duty arising in a joint venture. We affirm the judgment as reformed.

The bench trial disclosed that appellee Matthews, in 1970, and appellant Sanchez, jointly acquired 538 acres, more or less, of undeveloped land in Bexar County, bounded by St. Hedwig Road and Highway 90 East, for immediate resale. The parties bought the property under a six-month earnest money contract, which both parties signed.…