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ASHFORD DEVEL. v. USLIFE REAL ESTATE SERV.

No. C-2039.

661 S.W.2d 933 (1983)

ASHFORD DEVELOPMENT, INC., Petitioner, v. USLIFE REAL ESTATE SERVICES CORPORATION et al., Respondents.

Supreme Court of Texas.

Rehearing Denied January 18, 1984.

Attorney(s) appearing for the Case

Susman & Kessler, Henry A. Popkin, Houston, for petitioner.

Johnson, Swanson & Barbee, Charles R. Haworth, Dallas, Schlanger, Cook, Cohn, Mills & Grossberg, C. Henry Killenberg, Houston, for respondents.

KILGARLIN, Justice.

This case involves a dispute over the construction of a loan commitment agreement between a developer, a loan broker, and an agent for a potential lender. Petitioner, Ashford Development, Inc., wanted to build an office/warehouse complex on a tract of land in the northwest part of the city of Houston, but it needed a loan commitment for interim financing before the project could be commenced. Ashford contacted a mortgage broker, Carruth Mortgage...

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