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SAN DIEGO PRE. CON. CO. v. CHICAGO TITLE INS. CORP.

No. 8294.

555 P.2d 484 (1976)

SAN DIEGO PRESTRESSED CONCRETE CO., Appellant, v. CHICAGO TITLE INSURANCE CORPORATION, a Missouri Corporation and Cameron-Brown Investment Group, a Massachusetts Business Trust, Respondents.

Supreme Court of Nevada.

October 20, 1976.

Attorney(s) appearing for the Case

Haley & Wirth, Las Vegas, for appellant.

Albright & McGimsey, Brown & Deaner, Las Vegas, for respondents.

OPINION

BATJER, Justice:

Planning the construction of a 200-unit condominium project, Womack, Inc., a Nevada corporation, purchased real property in Las Vegas, Nevada. On June 24, 1973, it entered into a construction loan agreement with respondent, Cameron-Brown Investment Group. The loan of six million dollars secured by deed of trust was to be used to finance the construction of the project. Cameron-Brown established a construction control pursuant to...

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