Island Recreational Development Corporation v. Republic Texas Savings Association - Supreme Court of Texas

Island Recreational Development Corporation v. Republic Texas Savings Association

By Supreme Court of Texas

  • Release Date: 1986-05-07
  • Genre: Law
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Island Recreational Development Corporation v. Republic Texas Savings Association Supreme Court of Texas Book Review Score: ★★★★★ 5/5 stars

Island Recreational Development Corporation and Sea Cabins, Inc. (Island) sued Republic Bank of Texas Savings Association and Bankers Capital Corporation (Republic) for breach of contract in failing to comply with its obligations under a loan commitment letter. The trial court rendered judgment for Island for $667,882.87 in actual damages and $52,500 in attorneys fees. The court of appeals reversed the judgment of the trial court and rendered judgment for Republic. 680 S.W.2d 588. We reverse the judgment of the court of appeals and affirm the judgment of the trial court.

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