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LEY v. MAIN BANK OF HOUSTON

No. 01-83-0427-CV.

665 S.W.2d 178 (1983)

Robert M. LEY, Appellant, v. MAIN BANK OF HOUSTON, Appellee.

Court of Appeals of Texas, Houston (1st Dist.).

Rehearing Denied January 19, 1984.

Attorney(s) appearing for the Case

J. Michael Bell, Michael A. Andrews, Houston, for appellant.

William E. Matthews, Houston, for appellee.

Before EVANS, C.J., and DUGGAN and BASS, JJ.

OPINION

EVANS, Chief Justice.

The principal controversy in this appeal involves the interpretation of an agreement to purchase certain bank stock held as collateral by a lender.

Main Bank of Houston brought this action against Robert M. Ley alleging breach of a Collateral Purchase Agreement, which required Ley, upon the occurrence of certain conditions, to purchase certain stock pledged as collateral by...

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