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TRI-CITIES CONST., INC. v. AMERICAN NAT. INS. CO.

No. 16481.

523 S.W.2d 426 (1975)

TRI-CITIES CONSTRUCTION, INC., Appellant, v. AMERICAN NATIONAL INSURANCE COMPANY, Appellee.

Court of Civil Appeals of Texas, Houston (1st Dist.).

Rehearing Denied May 29, 1975.

Attorney(s) appearing for the Case

Childs, Fortenbach, Beck & Guyton, Stephen R. Kirklin, Houston, for appellant.

Dibrell, Dibrell, Greer & Brown, Ronald M. Gipson, Galveston, for appellee.

COLEMAN, Chief Justice.

This is an appeal from a summary judgment in favor of American National Insurance Company, the defendant in the trial court.

This controversy grows out of a loan commitment agreement between the defendant and MarkLand Development, Inc., whereby the defendant agreed to provide permanent financing in the sum of $550,000.00 to MarkLand on the security of a completed commercial real estate development. MarkLand was required by said agreement...

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