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EXCHANGE BANK & TRUST CO. v. LONE STAR LIFE INS. CO.

No. 19107.

546 S.W.2d 948 (1977)

EXCHANGE BANK & TRUST COMPANY, Appellant, v. LONE STAR LIFE INSURANCE COMPANY, et al., Appellees.

Court of Civil Appeals of Texas, Dallas.

February 16, 1977.

Attorney(s) appearing for the Case

H. Robert Powell, Luce, Hennessy, Smith & Castle, Dallas, for appellant.

William D. Sims, Jr., Jenkens & Gilchrist, Dallas, for appellees.

GUITTARD, Chief Justice.

This suit was brought by Exchange Bank & Trust Company against Lone Star Life Insurance Company to enforce a loan commitment made by Lone Star to Five Forty Three Land, Inc., a corporation engaged in land development. Exchange Bank had made a short-term loan to the borrower corporation, and it now seeks as a third-party beneficiary of the loan commitment to require Lone Star to purchase the borrower's note given for the short-term loan...

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