Legal Opinion
Price v. Gulf Atlantic Life Insurance Co.
Court of Appeals of Texas
Decided July 21, 1981No. 8879PublishedCited by 22 opinions
1Opinion of the Court
CORNELIUS, Chief Justice.
In 1971, Gulf Atlantic Insurance Company made a commitment to make P & K Properties a real estate loan. The loan was to be for $260,000.00 and was to be secured by a first lien upon commercial real estate allegedly worth $380,000.00. In response to the commitment, the loan was ultimately made to P & K Properties and personally guaranteed by Mr. and Mrs. Jack Price who were part owners with Richard Kennedy in P & K Properties. The loan later came into default and Gulf Atlantic made demand for payment. Payment was not made, and the Prices filed suit against Gulf…
2Cases cited11 opinions
- Bridges v. City of RichardsonTexas Supreme Court · 1962
- Bavarian Autohaus, Inc. v. HollandCourt of Appeals of Texas · 1978
- Chaney v. ColemanTexas Supreme Court · 1890
- Perry National Bank v. EidsonTexas Supreme Court · 1960
- Southwest Bank & Trust Co. v. Executive Sportsman Ass'nCourt of Appeals of Texas · 1972
6 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Hudson v. WakefieldTexas Supreme Court · 1986
- Atkinson Gas Co. v. Albrecht, Texas Court of Appeals, 13th District1994
- ITT Commercial Finance Corp. v. Riehn, Texas Court of Appeals, 5th District (Dallas)1990
- Preston Reserve LLC, Arthur A. Lancaster, Jr., Lacy C. Howe & Robert S. Peek, Jr. v. Compass Bank, Texas Court of Appeals, 14th District (Houston)2012
- Village Place LTD and Bob Yari v. VP Shopping, LLC, Texas Court of Appeals, 1st District (Houston)2013
17 more not listed; retrieve them via the Exa API.