[Download] "Garrett Morris Et Al. v. O. P. Leonard Et Al." by fort Worth the Second Court of Civil Appeals " eBook PDF Kindle ePub Free
eBook details
- Title: Garrett Morris Et Al. v. O. P. Leonard Et Al.
- Author : fort Worth the Second Court of Civil Appeals
- Release Date : January 16, 1969
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
In the trial court Garrett Morris, et al., as plaintiffs, brought suit against defendants O. P. Leonard, et al. Plaintiffs alleged an affirmative cause of action for damages flowing from an alleged breach of implied covenant of warranty as to quantity of value in a certain building when the building was sold (in 1953) to "promoters" of a life insurance corporation (which was to be known as the Chiro Life Insurance Company). In general, the circumstance upon which plaintiffs founded their contention that there was a covenant of warranty in the 1953 transaction was a representation of defendants made to the aforementioned "promoters", inducive of the purchase of the building, that they had paid therefor approximately $1,000,000.00 "in trade". The plaintiffs theory was that they were entitled to complain of the defendants breach under right as successors in the chain of title of those who were the "promoters" in 1953, or to rights of the Chiro corporation (as result of constructive fraud under a theory that the defendants knew the building was purchased to become its asset).