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MORTGAGEAMERICA v. AM. NAT. BANK OF AUSTIN

No. 13555.

651 S.W.2d 851 (1983)

MORTGAGEAMERICA CORPORATION, Appellant, v. The AMERICAN NATIONAL BANK OF AUSTIN, Appellee.

Court of Appeals of Texas, Austin.

Rehearing Denied June 1, 1983.

Attorney(s) appearing for the Case

Joseph H. Hart, Robinson, Felts, Starnes & Latting, Austin, for appellant.

Douglass D. Hearne, Richard L. Crozier, Hearne, Knolle, Lewallen, Livingston & Holcomb, Austin, for appellee.

Before PHILLIPS, C.J., and POWERS and GAMMAGE, JJ.

PHILLIPS, Chief Justice.

MortgageAmerica Corporation appeals from the trial court's judgment awarding appellee American National Bank of Austin damages suffered by appellant's breach of its contract with appellee to provide appellee, acting as appellant's agent, two $500,000 Government National Mortgage Association (GNMA) certificates, which appellee had contracted to sell to the investment banking firm of Salomon Brothers on appellant's behalf.

We affirm...

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