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A.M.R. ENTERPRISES, INC. v. UNITED POSTAL SAV. ASS'N

No. 76-1807.

567 F.2d 1277 (1978)

A.M.R. ENTERPRISES, INC., a Florida Corporation, Plaintiff-Appellant Cross Appellee, v. UNITED POSTAL SAVINGS ASSOCIATION, a Missouri Corporation, Defendant-Appellee Cross Appellant.

United States Court of Appeals, Fifth Circuit.

February 15, 1978.

Attorney(s) appearing for the Case

Lawrence R. Metsch, Miami, Fla., for plaintiff-appellant cross appellee.

Allan M. Glaser, Marion E. Sibley, Miami Beach, Fla., for defendant-appellee cross appellant.

Before TUTTLE, CLARK and RONEY, Circuit Judges.

CHARLES CLARK, Circuit Judge:

A.M.R. Enterprises, Inc., is a Florida corporation that was formed to develop real estate. It hoped to construct condominiums on a tract of land in Miami, Florida, which it purchased in July 1973. The land was encumbered with three mortgages in addition to the purchase money mortgage. In August 1973, AMR applied to National Title Insurance Company (NTIC), a Florida corporation, for a loan. Because...

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