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AMERICAN HOUSING RESOURCES, INC. v. SLAUGHTER

No. 20131.

597 S.W.2d 13 (1980)

AMERICAN HOUSING RESOURCES, INC. et al., and Robert S. Coit, Appellants, v. Elbert R. SLAUGHTER, Jr., and Richard E. Slaughter, Appellees.

Court of Civil Appeals of Texas, Dallas.

Rehearing Denied March 11, 1980.

Attorney(s) appearing for the Case

Frank G. Newman, Ronald E. Holub, Newman, Shook & Newman, Philip I. Palmer, Jr., Palmer, Palmer, Coffee & Bush, Christopher M. Weil, Dallas, for appellants.

Michael P. Carnes, Charles L. Evans, Johnson, Bromberg, Leeds & Riggs, Dallas, for appellees.

Before GUITTARD, C. J., and ROBERTSON and HUMPHREYS, JJ.

ROBERTSON, Justice.

This is an appeal from a judgment directing specific performance of two agreements to place funds in an escrow account. As an inducement for the contributions of appellees Elbert R. Slaughter, Jr. and Richard E. Slaughter to the capital of two limited partnerships, appellants American Housing Resources, Inc., American Multi-Family Housing Company, Inc., American Community Corporation, and Robert S. Coit entered into agreements with the Slaughters...

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