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LACY v. TICOR TITLE INS. CO.

No. 05-89-00976-CV.

794 S.W.2d 781 (1990)

J.H. LACY, Trustee, Appellant, v. TICOR TITLE INSURANCE COMPANY and Sullivan Investments, Inc., Appellees.

Court of Appeals of Texas, Dallas.

Rehearing Denied September 6, 1990.

Attorney(s) appearing for the Case

Kevin J. Keith, Bailey & Williams, Dallas, for appellant.

Harold F. Marshall, John W. Bickel, II, and David Mace Roberts, Bickel & Brewer, Dallas; and H. Dee Johnson, Jr., Lewisville, for appellees.

Before ENOCH, C.J., and T.C. CHADICK and GERALD T. BISSETT, JJ. (Retired Sitting by Assignment).

OPINION

ENOCH, Chief Justice.

Appellant, J.H. Lacy, trustee for several joint venturers, brought suit against appellees, Sullivan Investments, Inc. (Sullivan), and Ticor Title Insurance Co. (Ticor), for breach of contract and breach of fiduciary duty, respectively. For the reasons discussed below, we reverse and render.

BACKGROUND

In September 1984, Lacy contracted with Sullivan to sell a tract of undeveloped land. The property consisted...

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