Arizona Title Insurance & Trust Co. v. O'Malley Lumber Co.

HAIRE, Judge.

The appellant, Arizona Title Insurance and Trust Co. (“Arizona Title”), appeals from a judgment holding it liable for negligent misrepresentations made by it to each of seven contractors (including material-men) to the effect that it either had in its capacity as “Builder’s Control” escrow agent sufficient funds or that there would be sufficient funds available to pay the contractors for work or materials which they subsequently performed on or furnished to a construction project. The seven contractors referred to are appellees; the eighth appellee is a contractor to whom the…