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TRENDMAKER, INC. v. RESOLUTION TRUST CORP.

Civ. A. No. H-89-1061.

789 F.Supp. 854 (1992)

TRENDMAKER, INC., Plaintiff, v. RESOLUTION TRUST CORPORATION as Receiver for University Savings Association, Defendant.

United States District Court, S.D. Texas, Houston Division.

April 30, 1992.

Attorney(s) appearing for the Case

Brendan D. Cook, Houston, Tex., for plaintiff.

Robert W. Dupuy, Dallas, Tex., for defendant.

OPINION ON INTERPRETATION OF JOINT VENTURE

HUGHES, District Judge.

1. Introduction.

The Resolution Trust Corporation, as receiver for University Savings Association, and Trendmaker are partners in a joint venture to develop and sell land. University Savings Association breached the agreement in 1989 when it became insolvent. The RTC asserts that it may compel liquidation of the venture. Trendmaker...

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