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RICHARD H. SIKES, INC. v. L & N CONSULTANTS, INC.

No. 5997.

586 S.W.2d 950 (1979)

RICHARD H. SIKES, INC., Appellant, v. L & N CONSULTANTS, INC., Appellee.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied October 4, 1979.

Attorney(s) appearing for the Case

James K. Peden, III, David K. Meyercord, Strasburger & Price, Dallas, for appellant.

Larry M. Lesh, Locke, Purnell, Boren, Laney & Neely, Dallas, for appellee.

HALL, Justice.

On August 25, 1972, Lomas & Nettleton Financial Corporation loaned $2,314,645.00 to First National Development Company. The money was used by First National, as intended by the parties, to acquire 34.86 acres located in the City of Dallas and to develop the land into lots for the construction of 250 townhouses to be known as Preston Square. The loan was evidenced by First National's promissory note dated August 25, 1972; and it was secured by First...

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