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RAINEY-MAPES v. QUEEN CHARTERS, INC.

No. 04-85-00424-CV.

729 S.W.2d 907 (1987)

RAINEY-MAPES, Southern Maritime Underwriters, Inc., Colony Insurance Co., et al., Appellants, v. QUEEN CHARTERS, INC., William G. Gordon and Estate of Theodore G. Schmidt, Appellees.

Court of Appeals of Texas, San Antonio.

Rehearing Denied May 26, 1987.

Attorney(s) appearing for the Case

Patricia D. Chamblin, Beaumont, Thomas S. Hoekstra, Ross S. Crossland, San Antonio, Brian R. Davis, Austin, Jane E. Bockus, San Antonio, for appellants.

George H. Spencer, Jr., San Antonio, Marion E. McDaniel, Jr., Houston, for appellees.

Before CADENA, C.J., and CANTU and REEVES, JJ.

OPINION

CANTU, Justice.

This case involves appeals and cross-appeals arising from the non-payment of an insurance claim. William Gordon, president of Queen Charters, Inc., individually and as co-principal with Queen Charters, Inc. contracted to purchase a sailboat from the Estate of Theodore Schmidt (Schmidt) intervenor/appellant/cross-appellee. The boat, valued at $150,000.00, was purchased for $100,000.00. Gordon and Queen Charters (Gordon/Queen Charters...

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