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GUARANTY BANK v. LONE STAR LIFE INS. CO.

No. 19549.

568 S.W.2d 431 (1978)

GUARANTY BANK, Appellant, v. LONE STAR LIFE INSURANCE COMPANY, Appellee.

Court of Civil Appeals of Texas, Dallas.

Rehearing Denied July 13, 1978.

Attorney(s) appearing for the Case

W. Ted Minick, Winstead, McGuire, Sechrest, & Trimble, Dallas, for appellant.

T. Richard Handler, Jenkens & Gilchrist, Dallas, for appellee.

GUITTARD, Chief Justice.

Guaranty Bank sued Lone Star Life Insurance Company to enforce a commitment agreement in the form of a letter to make a loan to Omnia Systems, Inc. The bank alleges that it had made a short-term loan to Omnia in reliance on the commitment letter. Lone Star defended on the ground that the bank was neither a party to the commitment nor a third-party beneficiary entitled to enforce it and also on the ground that certain conditions to its obligation...

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