HOME SAVINGS ASSOCIATION v. TAPPAN COMPANY

No. 25706.

403 F.2d 201 (1968)

HOME SAVINGS ASSOCIATION, Appellant, v. The TAPPAN COMPANY, Appellee.

United States Court of Appeals Fifth Circuit.

Rehearing Denied January 6, 1969.


Attorney(s) appearing for the Case

Ken Griffin, Odessa, Tex., for appellant.

Charles E. Galey, Brock, Wright, Waters & Galey, Lubbock, Tex., John P. Dennison, Pecos, Tex., for appellee.

Before BELL and SIMPSON, Circuit Judges, and ROBERTS, District Judge.


ROBERTS, District Judge:

Lawrence Black Homes, Inc., a contractor from Odessa, Texas, wanted to build an apartment building in Pecos, Texas. Black applied to appellant on March 14, 1966, for financing commitments on the proposed construction. A commitment letter was issued to Black on April 15, 1966, granting a loan for $305,000. at 6½ per cent interest for twenty (20) years. Another commitment letter was issued on the same day from appellant to Black, granting...

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