C & A INV., INC. v. BONNET RESOURCES CORP.

No. 05-95-01569-CV.

959 S.W.2d 258 (1997)

C & A INVESTMENTS, INC., Appellant, v. BONNET RESOURCES CORP. and Bank One, Texas, N.A., Appellees.

Court of Appeals of Texas, Dallas.

Rehearing Overruled February 24, 1998.


Attorney(s) appearing for the Case

Timothy A. Duffy, Burleson Pate & Gibson, L.L.P., Dallas, for Appellant.

Jamie King Harrison, Robert J. Clary, Owens Clary & Aiken, L.L.P., Dallas, for Appellees.

Before CHAPMAN, MORRIS and HANKINSON, JJ.


OPINION

HANKINSON, Justice.

C & A Investments is a sophisticated purchaser of real estate assets. It contracted to purchase a loan from Bank One. Bonnet Resources Corporation acted as Bank One's disclosed agent handling this sale. Relying on one statement included in a bid document and several post-contract statements by Bonnet's vice-president, C & A claims that Bank One contracted to deliver a "performing" loan but did not. In this case, we must...

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