[DOWNLOAD] "Wayne T. Nance v. Resolution Trust Corporation" by Fourth District, San Antonio Court of Appeals of Texas ~ eBook PDF Kindle ePub Free

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eBook details

Title: Wayne T. Nance v. Resolution Trust Corporation
Author : Fourth District, San Antonio Court of Appeals of Texas
Release Date : January 18, 1990
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 76 KB

Description

This appeal arises from a lender liability lawsuit filed by appellant Nance against Alamo Savings Association of Texas and Alsave Corporation. Appellee Resolution Trust Corporation is the receiver of Alamo Savings Association of Texas, and conservator for Alamo Federal Savings Association of Texas. Nance alleged that Alamo breached its contract with him by failing to fund a loan for the construction of improvements to real property owned by Tezel Cluster, Ltd. Nance was the general partner of Tezel Cluster, Ltd; Alsave Corp., Alamos wholly owned subsidiary, was the limited partner. A jury found that Alamo breached the contract, that Nance suffered damages in the amount of $993,000, and that Nance did not waive his right to complain of Alamos breach of contract. Alamo filed a motion for judgment non obstante veredicto, which the court granted. The court set aside the jury verdict and rendered judgment for Alamo on its counterclaim in the amount of $954,566.65 -- the deficiency balance on the loan at issue -- plus interest, attorneys fees, and costs of court.