FIRST SECURITY NAT. B. & T. CO. OF LEXINGTON v. PETER


456 S.W.2d 46 (1970)

FIRST SECURITY NATIONAL BANK & TRUST COMPANY OF LEXINGTON, etc., Appellant, v. Edward H. PETER et al., Appellees.

Court of Appeals of Kentucky.

June 12, 1970.


Attorney(s) appearing for the Case

Elwood Rosenbaum, Rosenbaum & Smith, Lexington, for appellant.

Arthur L. Brooks, Jr., J. Montjoy Trimble, Kincaid, Wilson & Trimble, Lexington, for appellees.


STEINFELD, Judge.

Appellant, First Security National Bank & Trust Company of Lexington, was appointed liquidating agent for George Franklin Vaughan, Jr. (hereinafter Vaughan) in an arraignment proceeding under Chapter 11 of the Bankruptcy Act. It was ordered to enter into an option contract with appellee, Edward H. Peter, for the sale of certain real estate. When a title insurance company declined to insure the title free of restrictions this suit was brought...

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