Peterson v. NCNB Texas National Bank

OPINION

McCLOUD, Chief Justice.

Martin L. Peterson sued NCNB Texas National Bank alleging that the Bank improperly refused to honor Peterson’s sealed bid to purchase a residential lot. The facts were stipulated, and the trial court rendered a take-nothing judgment. We affirm.

The Bank through Financial Resource Management, Inc., its agent, advertised for sealed bids for the purchase of a number of residential lots in Erath County. Peterson was given a copy of the Sealed Bid Instructions which provided in pertinent part:

1. All bids must be presented on the enclosed Purchase and Sale Agreement…