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WEMBELTON DEVELOPMENT CO. v. TRAVELERS INS. CO.

Docket No. 13301.

45 Mich. App. 168 (1973)

206 N.W.2d 222

WEMBELTON DEVELOPMENT COMPANY v. THE TRAVELERS INSURANCE COMPANY.

Michigan Court of Appeals.

Decided February 22, 1973.

Attorney(s) appearing for the Case

Grant, Schon, Wise & Grant, for plaintiff.

Dykema, Gossett, Spencer, Goodnow & Trigg (by W.A. Steiner, Jr.), for defendant.

Before: QUINN, P.J., and V.J. BRENNAN and O'HARA, JJ.

O'HARA, J.

Defendant Travelers Insurance Company (hereinafter "Travelers") appeals as of right from the decision of the trial judge sitting as trier of fact holding plaintiff Wembelton Development Company (hereinafter "Wembelton") entitled to judgment in the amount of $6,000.

The pertinent facts in this case appear as follows: Plaintiff land developer on March 25, 1965, borrowed the sum of $260,000 (a land-development...

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