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GLENS FALLS INS. CO. v. STATE NATIONAL BANK OF EL PASO

No. 6218.

475 S.W.2d 386 (1972)

GLENS FALLS INSURANCE COMPANY, Appellant, v. The STATE NATIONAL BANK OF EL PASO, Appellee.

Court of Civil Appeals of Texas, El Paso.

Rehearing Denied January 26, 1972.

Attorney(s) appearing for the Case

Allison, Maddin, White & Brin, Guy Allison, Raul Garcia, Corpus Christi, for appellant.

Kemp, Smith, White, Duncan & Hammond, Jack T. Chapman, James F. Garner, El Paso, for appellee.

OPINION

RAMSEY, Chief Justice.

Glens Falls Insurance Co., Plaintiff-Appellant, filed suit against The State National Bank of El Paso, Defendant-Appellee, to rescind a sales transaction and for damages. Trial was to a jury. The trial Court entered judgment for the Defendant. We reverse and render.

The facts are relatively uncontroverted. Plaintiff had bonded a defaulting contractor on a road project. Defendant, through its loan officer, Jim Alcorn...

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