Legal Opinion
Exchange Bank & Trust Co. v. Lone Star Life Insurance Co.
Court of Appeals of Texas
Decided February 16, 1977No. 19107PublishedCited by 15 opinions
1Opinion of the Court
GUITTARD, Chief Justice.
This suit was brought by Exchange Bank & Trust Company against Lone Star Life Insurance Company to enforce a loan commitment made by Lone Star to Five Forty Three Land, Inc., a corporation engaged in land development. Exchange Bank had made a short-term loan to the borrower corporation, and it now seeks as a third-party beneficiary of the loan commitment to require Lone Star to purchase the borrower’s note given for the short-term loan. The trial court rendered summary judgment denying recovery, and Exchange Bank appeals. We affirm on the ground that the bank was, at…
2Cases cited4 opinions
- Republic National Bank of Dallas v. National Bankers Life Insurance Co.Court of Appeals of Texas · 1968
- Tower Contracting Company v. FloresTexas Supreme Court · 1957
- Don Drum Real Estate Company v. HudsonCourt of Appeals of Texas · 1971
- Briercroft Savings & Loan Ass'n v. Foster Financial Corp.Court of Appeals of Texas · 1976
3Cited by15 opinions
- MJR Corp. v. B & B VENDING CO., Texas Court of Appeals, 5th District (Dallas)1988
- Boy Scouts of America v. Responsive Terminal Systems, Inc., Texas Court of Appeals, 5th District (Dallas)1990
- Dr. Larry Cunningham, and Dental Leasing, Inc. v. Healthco, Inc.Court of Appeals for the Fifth Circuit · 1987
- Chemical Realty Corp. v. Home Federal Savings & Loan Ass'n of HollywoodCourt of Appeals of North Carolina · 1987
- Hellenic Investment, Inc. v. Kroger Co., Texas Court of Appeals, 1st District (Houston)1989
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