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BRIERCROFT S. & L. ASS'N v. FOSTER FINANCIAL CORP.

No. 4861.

533 S.W.2d 898 (1976)

BRIERCROFT SAVINGS & LOAN ASSOCIATION, Appellant, v. FOSTER FINANCIAL CORPORATION, Appellee.

Court of Civil Appeals of Texas, Eastland.

Rehearing Denied March 11, 1976.

Attorney(s) appearing for the Case

Edward R. Smith and Robert Don Collier, Lubbock, Dean Carlton, Dallas, for appellant.

Edward J. Kolb, Dallas, for appellee.

RALEIGH BROWN, Justice.

Foster Financial Corporation sued Briercroft Savings and Loan Association for contractual damages allegedly sustained as a result of Briercroft's failure to fund a loan after making a commitment to William Lee Folse. Foster made an interim loan of $225,000 to Lee Folse Properties, corporate nominee of William Lee Folse. It alleged the loan was based on a conditional loan commitment letter from Briercroft...

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